Ritzy food delivery service Providoor has become the latest in a long list of formerly bustling businesses to go bust. The companys founder, celebrity chef Shane Delia, made the sad announcement to its website on Friday, telling customers the service would be formally placed into liquidation. It is with a heavy heart that I announce…
In this weeks TGIF, we consider the recent case of Re 52 The Esplanade Pty Ltd (in liquidation) [2023] QSC 57 which provides guidance as to how the relation-back day for a company is to be determined in circumstances where there are multiple winding up applications. Key takeaways The relation-back day is an important date for…
ADVERTORIAL Senator Deborah ONeill. The individual most likely to determine how Australias insolvency regime operates in the years to come will be the headline guest at the 2023 annual conference of the Association of Independent Insolvency Practitioners (AIIP). Senator Deborah ONeill, chair of the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate…
Australias largest brick manufacturer has become the latest casualty in the nations construction industry crisis, with the company forced to close down a major plant in the countrys west. Concrete block and brick producer Brickworks revealed on Thursday its Western Australian subsidiary Austral has been running at a loss in recent years off the back…
The number of firms going bankrupt in Scotland grew by a third last year Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under. Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though…
Bit4You is Belgiums first and only crypto asset lending platform. The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent. The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia. In cryptocurrency news today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending…
High-profile heir Grant Bennett left a spate of bad business deals in his wake when he was declared bankrupt in 2015, but he seems to have bounced back nicely with a new $7.35 million Dalkeith mansion. Bennett, son of billionaire Angela Bennett and grandson of Lang Hancocks late iron ore exploration partner Peter Wright, has…
BRUSSELS, April 27 (Reuters) – The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…
By Marine Strauss BRUSSELS, April 27 (Reuters) – The first and only Belgian cryptocurrency lending platform,Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending companybased in the Baltic state, also no longer has the required registration as a…
Getty Images By Douglas Fraser Business and economy editor, Scotland Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under. Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though the economy has shown…