Up to 300 property owners have been left in the lurch by the insolvency of the Queensland-based residential construction company. 

Oracle Building Corporation, which traded as both Oracle Platinum Homes and Oracle Hunter Homes, has called in administrators and entered liquidation.

The company, which immediately ceased business and terminated all staff on Wednesday (24 August), operated a business in the residential home construction industry in both Queensland and NSW.

Its activity was primarily focused in South-East Queensland and the Hunter Valley and Central Coast regions of NSW.

Approximately 300 home owners who hold building contracts – ranging from not yet commenced to nearly completed works…

• Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix 
• The company is connected to three similar scam businesses shut down following Insolvency Service investigations.
• Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025.

A company which offered businesses British Grand Prix hospitality packages they never actually had has been shut down after customers failed to receive tickets they had paid for.

Foresea Limited – originally based in Kent but thought to have changed business address several times – claimed to be a large-scale provider of corporate hospitality, despite never having the tickets to sell.

An Insolvency Service investigation found that clients would be contacted…

• Foresea Limited targeted businesses with hospitality tickets for the British Grand Prix  
• The company is connected to three similar scam businesses shut down following Insolvency Service investigations.  
• Foresea Ltd was wound-up at the High Court in Manchester on 12 February 2025. 

A company which offered businesses British Grand Prix hospitality packages they never actually had has been shut down after customers failed to receive tickets they had paid for. 

Foresea Limited – originally based in Kent but thought to have changed business address several times – claimed to be a large-scale provider of corporate hospitality, despite never having the tickets to sell.

An Insolvency Service investigation found that…

(Statehouse) – Help could be on the way for Hoosiers dealing with medical debt.

The Senate Health and Services Provider Committee unanimously passed Senate Bill 317 after several major rewrites.

If passed and signed into law, Senate Bill 317 would require all Indiana hospitals to give patients information about charitable assistance and payment plans.

The bill stipulates a plan must allow payments to be made over a period of least two years.

A monthly payment may not exceed 10 percent of the person’s monthly income.

The legislation protects wages from being garnished, and prevents liens from being placed on homes due to medical debt but only for Hoosiers who make less than 250 percent of the federal poverty level.

The bill is…

KUALA LUMPUR (Feb 13): VS Industry Bhd (KL:VS) said water filtration system maker NEP Holdings (M) Bhd has been placed under liquidation after the Court of Appeal dismissed NEP’s appeal against the High Court’s decision to dismiss their application for a stay of a winding up order.

“Following this, NEP’s liquidators have obtained the certificate of appointment as liquidator from the insolvency department and have taken control of NEP’s business and operations,” the electronics manufacturing services provider said in a statement on Thursday.  

Last month, the High Court ruled in VS Industry’s favour in its minority shareholder oppression suit against NEP Holdings (M) Bhd and three directors. The decision came with an order…

The Kerala High Court yesterday (on February 12), observed that during the Corporate Insolvency Resolution Process, initiation of cheque dishonour proceedings, due to the moratorium, is prohibited only against the corporate debtor and not against the persons referred under Section 141 of the Negotiable Instruments Act (N.I. Act). In other words, the accused persons in charge of and responsible to the company for the conduct of the business will continue to be liable for cheque dishonour offences.

The “Khun Soo Rao Chuay” debt relief program, or “You Fight, We Help,” has attracted over 500,000 registrants, with the application deadline set for the end of February. Backed by 48 financial institutions, the initiative aims to assist debt-burdened individuals. Deputy Government Spokesperson, Sasikarn Wattanachun, highlighted two main components of the program.

Key Takeways

• The “Khun Soo Rao Chuay” initiative, also known as “You Fight, We Help,” has attracted over 500,000 participants, with applications open until the end of February. It aims to assist individuals struggling with debt, supported by 48 financial institutions committed to the program’s success.
• Deputy Government Spokesperson Sasikarn Wattanachun…

(Feb 13): EFishery Pte is eliminating more than 1,000 jobs, or about 90% of the workforce, as the Indonesian agritech company suspected of fraud weighs a potential liquidation.

The cuts began recently and more reductions are set to follow, people familiar with the matter said, asking not to be identified as the matter is private. The company’s total headcount stood in the region of 1,600 jobs.

The high-profile startup, backed by investors including SoftBank Group Corp and Temasek Holdings Pte, is unravelling after a board investigation revealed it may have inflated its revenue and profit over several years. The company had raised hundreds of millions of dollars, and its demise would deal a blow to the local startup industry’s efforts…