People running labour hire companies that exploit workers and dodge tax will face up to three years in jail under laws that have passed South Australia’s Parliament. The laws were sparked by a Four Corners investigation that found extreme exploitation and slave-like conditions in the food production industry, mostly affecting workers employed by labour…
Meanwhile, eChoice, an award-winning mortgage aggregator with more than 400 brokers, could be sold to a ‘major financial institution’ after being placed into voluntary liquidation because of unsustainable debt. Tony Wales, a director of eChoice and Welas, a private investment company, which is a secured creditor of eChoice, called in liquidators’ Rodgers Reidy after deciding…
PACIFIC Highway subcontractors are preparing to ramp up their fight for months of unpaid wages from one of the project’s primary contractors, which went into voluntary administration earlier this year. About 200 highway workers who completed the Glenugie to Tyndale section of the Pacific Highway upgrade have been left without months of pay after Darling-Downs…
Assured Legal Solutions is set to formally welcome its co-founder, Chris Cruikshank, from Norton Rose Fulbright (NRF) on Friday. The appointment will bring the specialist boutique firms lawyer headcount to six. Cruikshank resigned from the NRF partnership in Australia in September and was just serving his notice period. He joins former NRF special counsel Nicola…
November 28, 2017 Simon Mundy in Mumbai and Gabriel Wildau in Shanghai Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read…
Say it isnt so. In news that is saddening for the local Australian fashion brand, Lover has gone into voluntary administration, according to a media release from Ferrier Hodgson a financial advisory firm. Ferrier Hodgson were appointed as administrators on 23 November, with the firm stating it would be business as usual whilst the administrators…
A Callala Bay woman has appeared in Nowra Local Court charged with failing to submit a report as company director within 14 days as required. Christina Margaret Koch, 41, has not entered a plea to the charge in a case brought by the Australian Securities and Investment Commission. Court papers said between July 20, 2015…
No one ever says hardware is easy, and today it looks like another promising startup has hit a wall. Navdy, which made an in-car heads-up display that projected info like navigation on to your windscreen, has been sending out notices to customers and others who might have claims against the company, as part of a…
By Arijit Barman Last weeks new insolvency Ordinance, barring all wilful defaulters, or incumbent promoters with bad loans for ayear or more, from the auction process to repurchase their asset if they fail to clear all overdues is great polemics. But emotions aside, it may end up bankrupting the banks even more. Auctions have to…
(PRNewsfoto/Peekay Boutiques, Inc.) AdvertisementPeekay Boutiques Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 15, 2017. BankruptcyDatas detailed Plan Summary notes, The Plan provides for the liquidation and sale of substantially all of the Debtors Assets to the Buyer, subject in…