Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday.

Antony Resnick of insolvency firm dVT Group has been appointed administrator to the Australian arm of the 15-year-old brand, which operates six stores in Australia and one in America. Its designs are also sold through 160 global outlets.

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Practice Overview

A former Chief Justice of the Cayman Islands, Sir Anthony was admitted to practice as an attorney-at-law in Jamaica in 1977. He accepted an appointment as Principal Crown Counsel for the Cayman Islands where he relocated in 1983. He was appointed Solicitor-General in 1987 and acted as Attorney General for the Cayman Islands on several occasions until he accepted appointment as a Judge of the Grand Court in February 1993. Sir Anthony was appointed as Chief Justice of the Cayman Islands in June 1998. While Chief Justice, he also served as the Mutual Legal Assistance Authority under the Cayman – United States MLAT.

In August 1991 Sir Anthony was appointed as Queen’s Counsel. He was appointed to the Court of Appeal of…

The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details.

A Victorian solar energy company has plunged into liquidation with debts of $3.8 million.

Creditors voted to place G-Store into liquidation rather than have their debts wiped at a fraction of the cost on Friday afternoon.

G-Store, headquartered in Melbourne’s Malvern East and also with premises in regional Victoria in Warragul, specialised in installing custom solar energy and sustainability options into homes.

But last month, the business appointed Philip Newman of insolvency firm PCI Partners as administrator.

All 20 staff lost their jobs as a result. They learned that the business had gone under when administrators showed up at their workplace and had the locks changed.

Just past noon on Friday, creditors discarded the option of…

The crisis in local authorities was laid bare on Tuesday as Birmingham city council in effect declared itself bankrupt, with experts warning that others across the UK were now living “hand to mouth”.

The council’s head of finance took the dramatic decision on Tuesday to issue a section 114 notice, indicating that it did not have the resources to balance its books.

Woking, Croydon and Thurrock are among the other councils to have made similar announcements recently after botched investment projects and deep funding cuts.

But the contagion spreading to Europe’s largest local authority, which hosted last summer’s Commonwealth Games, is likely to intensify pressure on Rishi Sunak’s government over the legacy of 13 years of…

When Rex expanded its operations into the Golden Triangle routes between Sydney, Melbourne and Brisbane, it knew it was an ambitious plan.

But if the risk paid off, the financial windfall would be considerable.

The Sydney-Melbourne route is one of the most lucrative in the world and delivers our two biggest airlines, Qantas and Virgin, with more revenue than any other.

While that would be more than enough to entice any would-be entrant, there was another likely reason why Rex believed it could pull off such a bold initiative.

In 2020, one of its major competitors on the capital city routes, Virgin Australia (VA), was on shaky footing.

VA went into voluntary administration in April that year, owing an eye watering $6.9 billion sum to…

Yu is the chairman of formerly listed Nan Hai Corporation, the parent company of online media outlet HK01.

The court heard that the creditor, CCB International Overseas Limited, cited an audit report which suspected Nan Hai was unable to pay its debts, adding it had asked for the payment in July last year.

Yu’s lawyers said he had used the company’s shares and had an independent accountant’s report on their value as a guarantee of intent to pay back the debt.

His legal representatives also requested to adjourn the hearing further.

However, Deputy High Court judge Sara Tong said…

The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12 months. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details.

Britain’s second-largest city has reportedly declared itself bankrupt and has shut down all non-essential spending after being issued with equal pay claims totaling up to £760 million ($956 million).

According to a report by CNN, the deficit arose due to difficulties paying between around $816 million and around $954 million in equal pay claims.

Birmingham City Council said it has a shortfall of £87 million ($109 million) in the current financial year and also faces a “potential liability relating to equal pay claims in the region of £650 million to £760 million.”

Sharon Thompson, deputy leader of the council said it faces “longstanding issues, including the council’s historic equal pay liability concerns”. Thompson also blamed…