SINGAPORE – Singapore-listed oil and gas company Linc Energy was slapped on May 11 with a A$4.5 million (S$4.54 million) fine by the Brisbane District court for serious environmental damage at its underground coal gasification (UGC) plant in Darling Downs, west of Queensland. Linc Energy was found guilty on five counts of wilfully and unlawfully…
The rescue plan, put forward by owners Nathaniel and Callum Reeve, has been signed off on by creditors who have settled for just 15c on the dollar. South East Brewing Company, which trades as Kaiju Beer, located in Dandenong South in the city’s southeast,
A melbourne-based training provider that has been operating for 16 years has collapsed into voluntary administration. MWT Institute was founded in 1999 and specialises in accredited training in music, financial and community services. Andrew Yeo and Gess Rambaldi from Pitcher Partners were appointed administrators of MWT Institute on September 3. A meeting of creditors is…
melbourne-based property developer Bensons Property Group has avoided being plunged into liquidation after creditors signed off on a rescue deal, settling for half of what they are owed. Bensons, which collapsed in December with more than 1000 homes under construction worth about $1.5b, owed creditors more than $811m. Among those owned money are builders, other…
Celebrity chef Heston Blumenthal’s flagship melbourne restaurant has been placed into voluntary administration. Dinner By Heston was handed to provisional liquidators on Friday after a Federal Court hearing in sydney. Court orders state an application was made to wind up the company behind the restaurant, “on grounds of insolvency”. Papers filed with the Australian Securities…
The collapse of a high-end melbourne construction group has dramatically expanded with dozens of additional employees sacked as four more companies go bust. VCON, known for its award-winning projects across Melbourne including winery Jackalope on the Mornington Peninsula and apartment block Fawkner House in South Yarra, collapsed into liquidation late last year. The Herald Sun…
Albert Park Leisure, which until recently owned South melbourne bar Albion Rooftop, called in the liquidators earlier this month. The Herald Sun revealed in early February the Albion, located on York St, had been sold to nightclub and entertainment business District 14. Corporate records list businessman Matt Darcy, brother of media identity and ex-AFL player…