The administrators will pursue a sale of the company and are encouraging interested parties to come forward. The administrators are continuing to trade the business whilst they undertake an urgent appraisal of Data Republic, the administrators said in a statement. The administrators will work closely with Data Republics employees, suppliers and customers to stabilise operations…
By Reuters Staff 2 Min Read SYDNEY, May 6 (Reuters) – Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic. It will make some smaller…
Busting at the seams to get going again. When I began building my fashion identity 10 years ago, I turned to Australian designers for direction. At the top of that list was Life With Bird. It was the first designer piece I saved up to buy a simple woven black jumper that (despite multiple elbow…
Date: 30.04.2021 Supreme Court accepts complex task made more difficult by range of challenges WITS assets were eventually auctioned off as part of its liquidation The Supreme Court of Victoria Commercial Court brings into sharp relief the cost of company failure as external administrators are approved remuneration of more than $320,000 for their work in…
One company has revealed it is now going to offer hundreds of new jobs after many were stood down due to the devastating effects of the pandemic. Jetstar will go on a hiring blitz to fill hundreds of roles as airline switches some of its grounded international fleet towards domestic flights which are surging in…
Rivet is a specialised transport and logistics, contract mining, equipment hire and maintenance and aviation services business run by former Asciano Ltd managing director Rowsthorn and SMS Mining Services founding director Daniel Sweeney. Adaman is backed by Rivet and the Mitchell Group and has two gold projects in Western Australia. (Interestingly, Adaman went into voluntary…
Jetstar will undertake a hiring blitz in response to the growing demand for domestic travel. Picture: NCA NewsWire / Paul Jeffers Jetstar will go on a hiring blitz to fill hundreds of new roles as airline switches some of its grounded international fleet towards domestic flights which are surging in demand. Jetstar chief executive Gareth…
As against CIRP, which follows creditor in control model, the pre-pack process would work on debtor in possession model. By Harish Kumar and Itee Singhal Ease of Doing Business for MSMEs: The pre-pack insolvency resolution process (pre-pack process), which has been in many discussions since the publication of the Insolvency Law Committees (committee) recommendations on…
Canberra Cavalry pitcher Shawn Morimando in action at Narrabundah Ballpark. Photo: Peter Norton. A new ownership structure as part of an overall restructuring of the Canberra Cavalry national baseball franchise is imminent after the club was forced into voluntary administration at the end of March. Back-to-back seasons disrupted by unforeseen circumstances hit the club hard,…
Released 30 April 2021 Next release 30 July 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) [email protected] Kate Palmer (responsible statistician) 1. Main messages for England and Wales One in 396 active companies (at a rate of 25.3 per 10,000 active companies) entered liquidation between 1st April 2020 and…