In insolvency litigation, one of the most frequently raised preliminary objections is that the Corporate Debtor is a “Financial Service Provider” (“FSP”) and hence immune from the rigours of the Insolvency and Bankruptcy Code, 2016 (“IBC”). The exclusion under Section 3(7) for the FSP is frequently used as a jurisdictional shield to delay or defeat…
The boutique rum manufacturer, Brix Distillers, formerly known as Sydney Distilling Co, has opted for voluntary administration. Appointing an Administrator RSM Australia has been appointed to manage the administration for the pioneer craft rum distillery in the country. The firm is presently considering all possible alternatives, including liquidating the company’s assets through a deed of…
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REVEALED: Latest business liquidations in Whitehorse Herald Sun Read the original article here
Over the last 12 months, a number of travel companies in both the U.S. and Europe have ended up having to shut down amid a market of poor consumer sentiment and strong competition. Icelandic tour company Tango Travel was left incapacitated by the earlier bankruptcy of partner Play Airlines and shut down in November. Swedish travel company MixxTravel…
Tony Chow Zhong Lun Law Firm has recruited Tony Chow as a partner at its Hong Kong office, further reinforcing its capabilities in dispute resolution in the city. Before joining Zhong Lun, Chow led the contentious insolvency practice at Freshfields’ Hong Kong office for two years, following a tenure as director of restructuring and insolvency…
Rockit apple grower owes $12m: ‘Should be liquidated’, administrator says BusinessDesk | NZ Read the original article here
Home » Airline News In Australia » Australian Government Steps In with Five Million Dollars to Aid Regional Airports After Rex Airlines Voluntary Administration Published on February 4, 2026 The ongoing voluntary administration of Rex Airlines has cast a financial shadow over regional and remote airports, which are critical in ensuring connectivity and…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…