Greek Australian-owned construction group under pressure after entering administration – Greek Herald

High-profile construction group, Ganellen, placed one of its companies into administration last week, midway through a court battle over defects and only days after it was fined over the worksite death of a young apprentice. The Ganellen construction group was founded in 1998 by building magnate-turned-television star Peter Maneas. One of its entities traded for…

Insolvency firm launches new Asia desk – AccountantsDaily

A national insolvency firm has announced the launch of its dedicated Asia desk, designed to provide Australian-Asian businesses with specialised advice and expertise. Jirsch Sutherland has launched the Asia Desk, which comprises a multinational team of high-calibre insolvency, restructure and recovery specialists who have a strong knowledge of both local and Asian business cultures, practices…

Greek-Australian business enters administration after amassing over $5 million debt – Greek Herald

White Marquee Event Hires parent company has been placed in voluntary administration, with debts estimated at $5.7 million, but there are hopes the Greek-Australian owned company can trade through. The company in question, Adelaide Event Group, also trades as Budget Party Hire and Renniks Events. Administrators SV Partners, who were appointed on December 21, said…