Major Aussie retailer that boomed during Covid plunged into voluntary administration after mass sackings – Daily Mail

By Daily Mail Australia Reporter Published: 11:03 AEST, 3 July 2024 | Updated: 12:48 AEST, 3 July 2024 Booktopia has been placed into voluntary administration. The grim news for Australia’s largest online bookseller comes just weeks after it announced 50 jobs needed… Read the full article at: https://www.dailymail.co.uk/news/article-13594565/Booktopia-plunges-voluntary-administration.html

Evaluating France's introduction of the classes of affected parties mechanism – International Financial Law Review

The French system for dealing with companies in difficulty comprises two categories of procedure: Amicable procedures (namely, mandat ad hoc and conciliation), which aim to reach an agreement with the main creditors through confidential negotiations under the aegis of a third party appointed by the president of the court; and Collective legal proceedings (namely, safeguard,…

Stabilisers suggest Swiss corporate distress will stay in same gear – International Financial Law Review

In early 2024, Switzerland’s GDP continued a moderate growth, mostly due to the service economy. Most conjunctural indicators have stabilised in recent months. The Swiss federal government’s Expert Group on Economic Forecasts therefore expects, in its latest forecast, growth for the Swiss economy in 2024 to be similar to 2023; i.e., a GDP growth rate…

Isolate Manufacturer Australian Plant Proteins Enters Voluntary Administration – vegconomist – the vegan business magazine

Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in…

Navigating Tenant External Administration: A Guide for Landlords – Norton Rose Fulbright

This article was co-authored with Liam Shiel-Dick. This article contains a summary of the following article originally published in the Insolvency Law Journal: Lessors Priority in External Administration and the Virgin Australia Administration (2023) 31 Insolv LJ 142 In Part 1 of this series, we described how the Corporations Act 2001 (Cth) seeks, in the unfolding…