Australian corporate insolvency reform: What can we expect in 2023? – Norton Rose Fulbright

This article attributes to the entire Australian Restructuring team. Overview There has been a growing appetite for corporate insolvency law reform in Australia in the last 18 months. In 2021, public consultations were completed on improvements to creditors schemes of arrangement and the treatment of insolvent trusts, and there was an independent review of the…

Wayward Brewing & Local Drinks Collective Emerge From Administration – The Crafty Pint

Wayward Brewing and the Local Drinks Collective (LDC) distribution company they launched with Batch Brewing Co in 2022 have exited a period of voluntary administration with the existing owners still in charge. The news comes just over three weeks after they entered voluntary administration, looking to return the two operations to a cash flow positive state, describing…

Alpha Building Group collapses as Melbourne builder goes into liquidation – Daily Mail

By Eliza Mcphee For Daily Mail Australia Published: 09:39 AEDT, 24 January 2024 | Updated: 10:09 AEDT, 24 January 2024 A major construction company that built houses across Melbourne has collapsed, owing up to $3.5million. Alpha Building Group Pty Ltd fell into liquidation last … Read the full article at: https://www.dailymail.co.uk/news/article-12998511/Alpha-Building-Group-Melbourne-builder-liquidation.html

Salmon farmer avoids liquidation after creditors agree to 11th hour restructuring plan – IntraFish

The creditors of Chilean salmon farmer Nova Austral have approved a restructuring plan aimed at preventing liquidation of the company, according to local media reports. On Jan.17, all parties reached an agreement to restructure the company’s debt and transfer ownership of the company to its main creditors. The two largest creditors are bondholders, a group…