Ishka resurrected after surviving voluntary administration and virus – Warrnambool Standard

Ishka in Warrnambool has reopened its doors after surviving both voluntary administration and the coronavirus crisis. Business owner Toby Darvall said the Kepler Street shop, which employees eight people, would continue to trade after being placed into voluntary administration on February 20. The shop remained open for about a month until an administrator shut all…

How to Close a WFOE in China: Step-by-Step Process – China Briefing

A wholly foreign-owned enterprise (WFOE) is a common investment vehicle for foreign investors wishing to operate in Chinas manufacturing, trading, or service sector. This corporate structure offers foreign investors full ownership and the autonomy to own property, form legally binding contracts, recruit local staff, and invoice in RMB. While the challenges to setting up a…

Disciplinary Committee cancels liquidator Amanda Young’s registration – Mirage News

The registration of Ms Amanda Young as a liquidator has been cancelled following a decision by a disciplinary committee that she was not a fit and proper person to be registered as a liquidator. The Committee concluded that Ms Young had improperly used her position, falsified books and misappropriated funds totalling $238,502.23 from four liquidations.…

Mayfair 101 puts subsidiary in voluntary administration – InvestorDaily – InvestorDaily

Mayfair 101 has appointed Barry Wight, Darryl Kirk and Rachel Burdett of Cor Cordis as voluntary administrators to protect the IPO Wealth Fund investors from the liquidation of assets. The decision to undergo a voluntary administration process is centred on providing IPO Wealths investors with the opportunity to convene a unitholder meeting and vote on…

Mayfair 101 places IPO Wealth into voluntary administration – Business News Australia

Restructuring advisory firm Cor Cordis has been appointed as the voluntary administrator of Mayfair 101’s IPO Wealth Holdings. The move follows the appointment of receivers to IPO Wealth in May by Vasco Trustees after two repayments were missed. The AFR reported that these missed repayments were worth $3 million and followed the freezing of redemptions…

Disciplinary Committee cancels liquidator Amanda Young’s registration – Mirage News

The registration of Ms Amanda Young as a liquidator has been cancelled following a decision by a disciplinary committee that she was not a fit and proper person to be registered as a liquidator. The Committee concluded that Ms Young had improperly used her position, falsified books and misappropriated funds totalling $238,502.23 from four liquidations.…