May 23, 2024 6.02pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday. Antony Resnick of insolvency firm dVT Group has been appointed administrator to the…
Normal text sizeLarger text sizeVery large text size Designer label Dion Lee has appointed voluntary administrators in the latest high-profile business to come under pressure amid difficult economic conditions. The fashion house, which has six stores in Australia and one in the US, is now under the control of insolvency firm dVT Group administrator Antony…
An Australian fitness empire has officially collapsed and all staff have been terminated while customers have been left wondering what happened to all their money. Earlier this month, news.com.au reported that a national boxing fight night program, Corporate Fighter, had ceased operations and let go of all its workers. Headquartered in Sydneys Surry Hills, Corporate…
Getty Digital marketing agency No Standing has gone into voluntary liquidation, leaving 17 staff without jobs and with pay owing, according to documents lodged with corporate regulator ASIC. Daniel Juratowitch of Cor Cordis has been appointed liquidator for the full service Melbourne-based agency founded in 2016. He estimates the company owes more than $2.5 million.…
The Ropes & Gray Business Restructuring team in London has contributed a chapter to GRR’s recently published Europe, Middle East and Africa Restructuring Review 2024. The chapter provides a refresh on current English restructuring and insolvency tools. It focuses in particular on the developments in English restructuring and insolvency law and practice over the course…
A leading Australian provider of telehealth services has been ordered into court liquidation with debts estimated in excess of $10 million. The company, Ereports Pty Ltd, described itself as a global network of 400 plus leading medical experts across 65 plus specialties and locations in Australia, South Africa and the UK and a leading provider…
By Wayne Robinson | 22 May 2024 Momento Pro, the multi-award winning, pioneering, Sydney-based photobook printing company, has gone into voluntary liquidation, some 20 years after it was founded. Best in the world: Geoff Hunt and Libby Jeffrey with the Bennys Established in 2004, Momento was the first personalised photobook company in Australia and New…
Newsflash: More companies and individuals across England and Wales fell into insolvency last month, as high interest rates continue to weigh. Company insolvencies jumped by 18% in April to 2,177, the Insolvency Service has reported. This included 300 compulsory liquidations, 1,715 creditors voluntary liquidations (CVLs), 144 administrations and 18 company voluntary arrangements (CVAs). CVLs allow…
Listen to this post Blog Post: The concept of avoidance of preferential transactions under Section 43 of the Insolvency & Bankruptcy Code, 2016 (Code), is based on the principle that insolvency is a collective scheme process and that the assets of a corporate debtor (CD) are distributed equitably in a liquidation scenario. During the twilight…
Infamous Swim has secured backing of approximately $1 million through a group of entrepreneurs from the tech, e-commerce, fashion and communications sectors, with the founder of the original mummy-and-me swimwear brand confirming the label has been restructured and is now operating in a new company structure with new directors. It comes after the swimwear brand…