“AUSTRALIA’S LAST” CAR MANUFACTURER ENTERS ADMINISTRATION – Industry Update

Tomcar Australia, subject of a round of 2017 articles that labeled it as “Australia’s last automotive manufacturer”, has gone into voluntary administration.  Citing hostile investors and increasing costs of business, admistrators confirmed the turnover for Tomcar in the 2016-17 financial year was $4.65 million, despite previous reports that the companys turnover was just under $10 million.…

Evolution Of Law Of Corporate Insolvency [Part- III] Role Of Information Utilities & Issues Before Creditors Committee – Live Law

Technology is the king in modern times. Things which were considered unimaginable are happening in split of seconds. Disruptive technologies are challenging the way we think, visualize and implement the things. Digital printing, blockchain technology, artificial intelligence, APIs are the things that will rule in the years to come and legal system cannot afford to…

Existential crisis: Even Solly Lew will struggle to save Myer – The Sydney Morning Herald

Can retail billionaire Solly Lew save Myer? Myers survival in its current form must overtake all other concerns and become the main focus for all who have a stake in the outcome. Whether its largest shareholder and second-largest supplier, Lew’s Premier Investments, wins the battle to control its board is of secondary importance. Retail king…