11 September 2020 The Law Council of Australia has raised a number of concerns over the federal government’s announcement this week that it intends to extend temporary insolvency emergency measures, introduced as a result of the COVID-19 crisis, into 2021. The joint announcement, made by the Treasurer and the Attorney-General, proposed extending the temporary increase…
From her apartment near the bustling La Bastille district of Paris, fashion designer Kym Ellery says she’s trying to set the record straight. “Just because you’re in another country doesn’t mean you’re running away from something,” she says. It’s been four years since she called time on her Australian company, liquidating the business, and by…
The nations biggest supermarkets have been granted conditional authorisation to continue in-store soft plastics recycling operations following the suspension of the now defunct REDcycle program. The announcement was made by the Australian Competition and Consumer Commission (ACCC) on Friday, permitting the ongoing collaboration between Coles, Woolworths and Aldi to manage the soft plastics stockpile. The…
The ACCC has granted conditional authorisation to allow the major supermarkets to continue their collaboration to manage the soft plastics stockpile and resume in-store collections after REDcycle suspended its recycling operations. The ACCC previously granted conditional interim authorisation to Coles, Woolworths and ALDI in November 2022, which allowed the supermarkets to collaborate via the Soft…
Dutch robot developer Honest AgTech B.V. has been declared bankrupt. On June 27, the Noord-Holland District Court declared bankruptcy on the Delft-based company. The robot developer, known for a highly autonomous driving horticultural robot, filed for bankruptcy itself. There was a liquidity shortage. A relaunch is currently being investigated. When asked, curator Claus from Heemstede…
Dutch robot developer Honest AgTech B.V. has been declared bankrupt. On June 27, the Noord-Holland District Court declared bankruptcy on the Delft-based company. The robot developer, known for a highly autonomous driving horticultural robot, filed for bankruptcy itself. There was a liquidity shortage. A relaunch is currently being investigated. When asked, curator Claus from Heemstede…
Like an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. As of late June 2023, ASIC data shows that 2023 construction companies have gone into liquidation since mid-2021. This figure dwarfs the next industry sector (accommodation and food services) of 1013 companies and makes…
Thursday 29 June 2023 6:13 am Insolvencies are likely to rise amid a perfect storm of rising interest rates, higher costs and a slowing economy. All the indicators show that insolvencies will rise and I think that our message is that management teams need to be taking advice earlier and recognising the problem earlier, Sarah…
Garry Lee, chair of insolvency and restructuring trade body R3s Southern and Thames Valley region, including Dorset (Image: Deep South Media) THE FLOODGATES have opened for business insolvencies. Thats the warning from R3, the insolvency and restructuring trade body for Dorset, as it is revealed corporate insolvencies hit a four-year-high in May. Garry Lee, chair…
Residential construction companies in Australia have been toppling like dominoes, and this has left many depositors in a very difficult financial position. Like an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. As of late June 2023, ASIC data shows that 2023 construction companies…