The Bankruptcy Law Reforms Committee, which proposed the IBC, noted that the most important objective in designing a legal framework for dealing with firm failure is the need for speed. By Bibek Debroy & Aditya Sinha, A few days ago, a woman in Bhopal moved a court because her father allegedly cheated in a Ludo…
Insolvency professionals appointed under the Insolvency and Bankruptcy Code (IBC) may not find it all that easy to contract out their duties to third party consultants or advisors (including non Insolvency Professional Entity) during corporate insolvency resolution process (CIRP) if the latest IBBI discussion paper is anything to go by. The Insolvency and Bankruptcy Board…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Queensland customers have helped bring iconic Australian brand Seafolly back from the brink after the swimwear retailer faced financial collapse during the COVID-19 crisis. The Sunshine State has accounted for more than forty per cent of Seafolly’s sales revenue in 2020 making Queensland the 45-year-old brand’s largest both in distribution of stores and revenue. Georgia…
Socialite Kate Waterhouse and her former rugby league player husband Luke Ricketson have emerged as the buyers behind one of Mosmans highest sales this year, splashing $17.8 million for a house fronting Balmoral Beach. It was an off-market purchase by the couple from rag trader Ling Zijian, more than three times the $5.3 million it…
Insolvency advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends MEDIA RELEASE 18 December, 2020 FOR IMMEDIATE RELEASE BUSINESS LIFELINE TO END NYE BUSINESSES SHOULD SEEK PROFESSIONAL HELP ASAP -Insolvency Advisor urges businesses to address insolvency issues this year before Safe Harbour moratorium ends, to avoid tradinginsolvent on or after…
A new report from the Australian Small Business and Family Enterprise Ombudsman has confirmed the resilience of small businesses in the face of challenging conditions. The report, released by Ombudsman Kate Carnell today, provides a statistical overview of small business performance in Australia, using data available from the Australian Bureau of Statistics (ABS) and other…
Chris McKeen/Stuff In 2016 four children were injured when a tree fell at Discoveries Educare Gillies Ave centre in Newmarket. Eleven early childhood education centres belonging to the Discoveries Educare chain in Auckland have been placed into liquidation with three more being assessed by the liquidator. Stuff reported last week that 10 Discoveries Educare centres…
Virgin Australia has become the first major Australian airline to exit voluntary administration, with its new CEO and managing director unveiling its future direction. On her official first day as Virgins boss, Jayne Hrdlicka showed off the airlines plan resulting from collaboration with staff and combined with detailed customer research. It includes retaining its core…