Gold Coast build company owes $500k to 22 staff – in liquidation – Gold Coast Bulletin
Gold Coast build company owes $500k to 22 staff – in liquidation Gold Coast Bulletin Read the original article here
Dion Lee enters voluntary administration
Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday. Antony Resnick of insolvency firm dVT Group has been appointed administrator to the Australian arm of the 15-year-old brand, which operates six stores in Australia and one in America. Its designs are also sold through 160 global outlets. Loading……
Sir Anthony Smellie KCMG KC
Practice Overview A former Chief Justice of the Cayman Islands, Sir Anthony was admitted to practice as an attorney-at-law in Jamaica in 1977. He accepted an appointment as Principal Crown Counsel for the Cayman Islands where he relocated in 1983. He was appointed Solicitor-General in 1987 and acted as Attorney General for the Cayman Islands…
G-Store collapses into liquidation after creditors vote to shut it down permanently
A Victorian solar energy company has plunged into liquidation with debts of $3.8 million. Creditors voted to place G-Store into liquidation rather than have their debts wiped at a fraction of the cost on Friday afternoon. G-Store, headquartered in Melbourne’s Malvern East and also with premises in regional Victoria in Warragul, specialised in installing custom…
Rex Airlines went from business as usual to having its wings clipped by administrators in less than a week
When Rex expanded its operations into the Golden Triangle routes between Sydney, Melbourne and Brisbane, it knew it was an ambitious plan. But if the risk paid off, the financial windfall would be considerable. The Sydney-Melbourne route is one of the most lucrative in the world and delivers our two biggest airlines, Qantas and Virgin,…
67% of ongoing corporate insolvency resolution cases cross 270-day timeline – Business Standard
67% of ongoing corporate insolvency resolution cases cross 270-day timeline Business Standard Read the original article here
Taxpayers sweat on $3m jobs loan as NT company tanks – NT News
Taxpayers sweat on $3m jobs loan as NT company tanks NT News Read the original article here
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Increased Protection for Employees in Insolvency Situations Signed into Law
The Employment (Collective Redundancies and Miscellaneous Provisions) Act 2024 has been signed into law. The Act, once commenced, will amend the existing collective redundancy regime in insolvency situations and will deliver on key Programme for Government commitments detailed in the Plan of Action – Collective Redundancies following Insolvency. Background In June 2020, the coalition parties…
Canberra day spa Adytum goes bust, leaving workers and customers in the lurch with unpaid wages and unusable gift vouchers
In short: A Canberra day spa has gone into liquidation with staff saying they were blindsided by the business bust. Adytum workers claim they are owed wages while customers in possession of gift vouchers have been left out of pocket. What’s next? Access Canberra recommends voucher holders apply as creditors with the liquidators, in a bid to get…