Member Article R3 responds to June 2023 insolvency statistics Corporate insolvencies decreased by 15.3% in June 2023 to a total of 2,163 compared to Mays total of 2,553, and increased by 27.4% compared to June 2022s figure of 1,698. Corporate insolvencies increased by 79.4% from June 2021s total of 1,206, by 191.9% from June 2020s…
Irene Falcone, Sans Drinks founder. Source: supplied Sans Drinks, the pioneering retailer which helped kickstart Australias non-alcoholic beverage boom, has collapsed into voluntary administration, owing to what founder Irene Falcone called a brutal environment for discretionary retail and gatecrashing by big business competitors. Founded in 2020 by Falcone, the entrepreneur behind $20 million online beauty…
A popular marine tourism destination in New South Wales has entered voluntary administration after more than 50 years in business. Key points: Dolphin Marine Conservation Park opened in Coffs Harbour in 1970 Founder Terry Goodall says COVID, natural disasters and rates have all contributed to the development A fundraising campaign will be launched in a bid…
THE PAST DECADE or so has seen significant insolvency law reform in many jurisdictions. This column has previously examined related issues, including the difference between corporate insolvency and personal bankruptcy (see China Business Law Journal, volume 4, issue 10: Bankrupt or insolvent?) and cross-border insolvency law (see China Business Law Journal, volume 8, issue 8:…