In short: Travellers are stranded in Vanuatu after the country’s national airline cancelled international flights until Sunday. The airline confirmed its owner, the Vanuatu government, is considering putting it into voluntary administration. Australian tourists booked to fly back on the airline are waiting to hear when they can travel home. Australian tourists are stranded in Vanuatu…
… Read the original article here
Tigerlily has been rescued once again with Seafolly purchasing its swimwear competitor out of its second voluntary administration. Boho swimwear brand Tigerlily has once again been lifted out of voluntary administration, this time by fellow swimwear brand Seafolly. Tigerlily was founded nearly 25 years ago in Sydney. The swimwear company fell into voluntary administration for…
UBS to liquidate $2 bln real estate fund as office downturn bites Reuters Read the original article here
Rex Airlines has announced it has gone into voluntary administration and cancelled all flights between major airports. A statement posted on Rex’s website on Tuesday said Regional Express Holdings Limited and a number of its subsidiaries under the Rex Group have entered voluntary administration. Ernst & Young Australia have been appointed administrators. The statement said…
About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class…
WA shires left in the lurch as airline goes into voluntary administration Farm Weekly Read the original article here
In the case of JDK Construction Limited the Court of Appeal had to consider whether an earlier decision by a High Court judge that liquidators had been validly appointed was correct. The answer to that question turned on whether the resolutions that the company had passed to place the company into voluntary liquidation were valid given there…
Owner distress as companies plunge into administration MSN Read the original article here
Herald Sun Essentials $16 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. This subscription entitles you to access 30 locked articles on the Herald Sun website only within each subscription period, and does…