Rodney Clark and Gordon Smith collapse into voluntary administration – SmartCompany.com.au

The parent company of retail brands Rodney Clark and Gordon Smith has collapsed into voluntary administration, however, the brands are reportedly continuing to operate under a license agreement. Gordon Smith Marketing was founded in 1992 and its womens clothing brands include Gordon Smith, Amoire, Hammock & Vine, Nouvelle Woman, Kiki & Lulu and Basic. The…

Corporate Affairs Ministry to handle Insolvency Board – Hindu Business Line

Individual insolvency cases will fall under Finance Ministrys purview New Delhi, July 3:   The proposed Insolvency and Bankruptcy Board of India is likely to fall under the purview of Corporate Affairs Ministry. This would end the potential turf war between two Central Ministries Corporate Affairs and Finance. A senior official in Corporate Affairs Ministry told…

Insolvency Service unveils new fee structure – CCH Daily inc Accountancy Live (subscription) (blog)

The move, which is subject to Parliamentary scrutiny, is in response to a review of the services funding arrangements which sought to develop a more resilient, transparent fee structure. From 21 July 2016 under the new structure the deposit and administration fee will remain. A new official receivers general fee will be introduced. This will…

Guvera subsidiaries in $15 million debt, creditors meeting next week – The Australian Financial Review

A creditors meeting for Guvera’s subsidiaries has been set for Thursday July 7. Wayne Taylor Up to 150 angry creditors, who are owed about  $15 million, will descend on Deloitte’s Parramatta office next Thursday for the first creditors meeting of Guvera’s subsidiaries that have been placed in administration. The July 7 rendezvous will be the first of two meetings…

Guvera and streaming music’s broken business model – The Australian Financial Review

Guvera co-founders Claes Loberg (left) and Darren Herft (right); the company has placed some of its subsidiaries into voluntary administration. Wayne Taylor When beleaguered streaming music provider Guvera placed two of its subsidiaries into administration and wielded the axe to staff numbers this week, few observers were surprised. After all, the Gold Coast-based company, which…