Tongaat on brink of collapse, again

Tongaat Hulett, a 134-year-old South African sugar maker, is on the brink of collapse again as its administrators prepare to place the firm into provisional liquidation. The joint practitioners for business rescue have applied to the High Court to discontinue their proceedings and place Tongaat into provisional liquidation after exhausting all reasonable options, the company…

Titan Interactive’s collapse continues in Federal Court

A dispute between a liquidator and Pitcher Partners over Titan Interactive’s collapse has continued, with the Federal Court having mulled an injunction against the accounting firm. Titan liquidator Jennifer Low sought an injunction, or alternatively damages, against Pitcher Partners in the Federal Court of Australia, claiming the firm knew or was involved in the Titan…