Notably, he spent a decade as a partner at HWL Ebsworth, where he founded and led the Restructuring and Insolvency practice in Perth. He also has experience as a lawyer at Minter Ellison. “Ashurst’s reputation as a leading global firm with a strong record in the restructuring and insolvency space in Australia and the Asia…
The bench found that as far as the ‘going concern’ sale in liquidation is concerned, there is a clear difference that only assets are transferred and the liabilities of the Corporate Debtor have to be settled in accordance with Section 53 of the Code In a recent case, the Mumbai bench of the National Company…
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost 50 percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern…
CP Cathro & Partners More Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. You can rely on…
Leading the high-profile moves this week, White & Case has hired Richard Browne as a partner into its global M&A practice. Recognised as a , Browne joins from A&O Shearman. Browne began his career at legacy A&O in 1993 and later went on to serve as global co-head of the corporate practice and head of corporate in…
On 6 November 2024, the Federal Court dismissed the Australian Securities and Investments Commission’s (ASIC) case against Paul Ryan, a director of Dixon Advisory & Superannuation Services Pty Limited (DASS). The case alleged that Mr Ryan had breached his directors’ duties by failing to consider the interests of DASS’ creditors when the company was approaching…
This week, Melbourne’s Burnley Brewing has announced that it has entered into liquidation, marking a continuation of a now well-established trend that has seen more than 20 breweries enter into either voluntary administration or liquidation over the past year alone. According to an update published to ASIC, “notice is given that at a general meeting…
By FREDDY PAWLE FOR DAILY MAIL AUSTRALIA Published: 10:22 AEDT, 29 November 2024 | Updated: 10:33 AEDT, 29 November 2024 A major South Australian dairy company is shutting down after a ‘perfect storm’ of challenges forced it to plunge into voluntary administration. Beston Global Food Company, which produced the Beston’s Edwards Crossing and Mables dairy…
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 the very…
To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…