Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate insolvencies in England and Wales climbed to their highest level since the global financial crisis in the six months to September as businesses grappled with high borrowing costs and slowing demand, according to official…
Emerging Energy Solutions plunges in liquidation owing $86 million Emerging Energy Solutions plunges in liquidation owing $86 million At least a dozen South Australian solar installers have lost tens of thousands of dollars in an alleged rebate rort, 7NEWS can reveal. The company at the centre of the scandal, Emerging Energy Solutions, has gone into…
Video: Regional airline carrier Rex has officially entered voluntary administration Regional airline carrier Rex has officially entered voluntary administration We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer An administrator has been appointed to run Rex airline as planes…
Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon: “Today’s insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift. “Since the pandemic, insolvency activity had been heavily…
Thinkstock The liquidator of failed ad agency McCorkell & Associates is seeking permission from creditors to be paid for his work so he can continue his investigation into the shifting of assets. Michael Hogan of Hogan Sprowles is pursuing Scott McCorkell, the founder of the North Sydney agency, in what he has told the Federal…
Rex flies to 56 destinations including many in regional Australia such as Port Macquarie, Coffs Harbour, Orange, Dubbo and Albury in NSW, Mount Gambier in South Australia, Burnie and Devonport in Tasmania, Cairns and Mt Isa in Qld and Mildura in Victoria. Read the original article here
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14 August 2024 Image: Science Museum’s Science Fiction Exhibition (Elmwood Projects Ltd) The Glasgow company, which had a long history of museum and heritage fit-outs, calls in liquidators after 50 years in business. … Read the original article here
The Australian business of unisex fashion brand Dion Lee has been placed into voluntary administration, with the company’s financial status remaining undisclosed. The brand has appointed DVT Group as voluntary administrators for its Australian-based operations. Administrator Antony Resnick and his team are working to assess all options regarding the company’s US business. “We are in…
On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise and enhance the competitiveness of Luxembourg’s insolvency framework. The bill has been under discussion for a number of years and aims to curtail…