Members of Brosa’s executive team. From left to right: David Wei, co-founder and chief product officer; Rushabh Sanghavi, chief commercial officer, Anna Stockley Davidson, chief operating officer; and Ivan Lim, co-founder and CEO. Source: supplied. Online furniture retailer Brosa has fallen into voluntary administration, after its rapid pandemic-fuelled growth slowed when COVID-19 restrictions lifted across…
The primacy of the Australian Taxation Office as Australias biggest creditor when it comes to corporate insolvencies is being put under fresh scrutiny, as the Albanese government puts the spotlight on reforming mechanisms for winding up failed businesses. The Parliamentary Joint Committee on Corporations and Financial Services kicks off its Inquiry into Corporate Insolvency in…
Global law firm Norton Rose Fulbright announced today that Scott Atkins, the firms Australia chair, will become the firms global chair effective January 1, 2023. In this leadership role, Scott will help to drive the execution and achievement of the global firms strategy and efforts to maintain consistently excellent client service around the world. The…
Syracuse, N.Y. — There will be a workshop Thursday evening in Syracuse to help income-qualified customers apply for debt relief or other help paying utility bills. State officials earlier this year allocated $587 million to pay off utility debts incurred by low-income customers during the Covid pandemic. For anyone who hasnt already received the benefit,…
As lawmakers in Tallahassee try to get Floridas property insurance crisis under control, theyre taking a closer look at how insurance disputes play out in the court system. On average, everyday more than 350 lawsuits are filed against insurance companies in the sunshine state. The state legislature is considering ending one-way attorney fees, which the…
This article first appeared in the Chambers and Partners Insolvency 2022 Guide. The guide provides the latest legal information on the various types of voluntary and involuntary restructurings, reorganisations, insolvencies and receiverships; out-of-court restructurings and consensual workouts; secured and unsecured creditor rights; international/cross-border issues and processes; and the duties and personal liability of directors and…
Gamblers Anonymous organisers around the country say they are alarmed at how many teenagers are turning up to meetings sometimes brought by their parents as they battle online gambling addictions. Key points: Gambling anonymous groups are reporting an increase in young men attending A parliamentarycommittee is investigating theimpact of online phone gambling on the community…
In the past year, the cost of everything has gone up, leaving many of us to do a double take at the price of gas, groceries and other living expenses and we can thank inflation for that. Its not just the price of goods and services thats on the rise. Theres also a correlation between…
Emerging with what it describes as a solid financial position, Chile-based airline holding company LATAM Airlines Group has completed its financial restructuring process in the US and exited Chapter 11 bankruptcy proceedings. LATAM was one of the three major carriers in the Latin American region to file for a bankruptcy process in the US to…
The CFPB accused five student-debt relief companies of charging consumers unnecessary fees. As a result, 23,000 impacted borrowers may soon receive checks compensating them in the mail. The total distribution amount is approximately $19 million. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the…