Allianz posts record 2025 profit but faces a flat 2026 outlook due to rising corporate insolvency risks flagged by its trade credit unit, despite a higher dividend. Investors in Allianz are grappling with a stark dichotomy: record-breaking profits on one hand and a deteriorating credit environment on the other. The insurance giant’s recent operational performance…
The National Company Law Tribunal (NCLT), New Delhi Bench, has permitted the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against ATS Heights Private Limited, the developer of the ATS Knightsbridge project, in exercise of its powers under Section 12A of the Insolvency and Bankruptcy Code (IBC). {{^htLoading}} {{/htLoading}} The tribunal, through its order dated…
Last Wednesday (11 February), the Federal Court of Australia allowed liquidator Peter Krejci to proceed with his winding-up application against Teddy Panella, Sam Cassaniti and Armstrong Scalisi Holdings, trading as Sydney accounting firm CAP Accounting. Krejci alleged that Cassaniti was behind a tax avoidance scheme that utilised various labour hire companies to divert funds that…
The furniture retail sector has suffered from economic distress in the last year with major home furnishing companies closing stores and filing for bankruptcy protection. Companies that have filed for bankruptcy include AFC Acquisition Corp., owner of Albuquerque-based furniture chain American Home Furniture & Mattress, which filed for Chapter 11 bankruptcy to reorganize its business, close certain…
A women’s clothing retailer has confirmed it will shut all of its remaining UK stores after entering voluntary liquidation, marking the end of a high street presence that has spanned decades. Select Fashion announced that its branch inside the Pentagon Shopping Centre in Chatham is among those set to close, after notices were placed in…
The fall of Perth builder Clough into voluntary administration after more than a century in business marks the latest in a string of local builders to hit troubled waters. Key points: WA building giant Clough has entered voluntary administration The administration is being overseen by Deloitte The delivery of several big projects is now in doubt…
It’s an ambitious project that was destined to be difficult. The mission: To turn the blistering heat of the Northern Territory into a solar energy powerhouse supplying electricity to Singapore and Darwin. The method: By building a giant 20-gigawatt solar farm — supported by the world’s biggest battery network — that connects to Darwin, before continuing to Singapore…
Major Tasmanian employer seized by lender in dramatic takeover The Courier Mail Read the original article here
Access Denied You don’t have permission to access “http://www.frankston.vic.gov.au/Council/News-and-media/Latest-News/Media-Releases-2023/Lloyd-Group-voluntary-administration” on this server. Reference #18.d9672817.1774255646.c0a917e4 https://errors.edgesuite.net/18.d9672817.1774255646.c0a917e4 Read the original article here
Voluntary Administration of Major Australian Residential Builder, Privium FTI Consulting Read the original article here