$100M start-up shuts shop with $250K fire sale
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Seafolly Saves Tigerlily from Voluntary Administration
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
UBS to liquidate $2 bln real estate fund as office downturn bites Reuters Read the original article here
Rex Airlines enters voluntary administration
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…
Biome Technologies fends off liquidation with heavily discounting equity round
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
WA shires left in the lurch as airline goes into voluntary administration Farm Weekly Read the original article here
Validity of Liquidators’ Appointment in JDK Construction Limited
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
Owner distress as companies plunge into administration MSN Read the original article here
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Popular drinks company Billson's collapses – The Daily Advertiser
Popular drinks company Billson’s collapses The Daily Advertiser Read the original article here