Releasing the final report of a three-part research project aimed at determining the best methods of addressing phoenix activity, researchers at the Melbourne Law School and the Monash Business Law School have called for action across 25 areas to detect, disrupt and punish harmful and illegal activity. Under one recommendation, anyone who has been an…
As a parent of a recent college graduate, you may be asking if your young adult will ever move out of the house or pay the student loan you supported. As an employer, you may think that student loan doesnt impact who you hire or how well you retain millennial talent. Its time to think…
Helen Anderson, Ian Ramsay, and Jasper Hedges, University of Melbourne, and Michelle Welsh, Monash University To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows. These are a few of several measures we have…
Tim Landis Business Editor @TimLandisSJR A more-than-two-decade tradition in the Parkway Pointe Shopping Center in Springfield is coming to an end with this week’s liquidation announcement from FAMILY CHRISTIAN STORES. The not-for-profit cited changes in consumer book-buying habits and falling sales in the decision to liquidate the 85-year-old company by closing more than 240…
A voluntary winding-up order has been issued for the company behind a chain of healthy eating restaurants that has now closed six of its eight outlets. Slim’s Healthy Kitchen, set up by Gary McIldowney in 2013 after the former electrician underwent a dramatic weight loss, pulled down the shutters at its Victoria Square premises in…
More than two years ago, suppliers forgave Family Christian Stores $127 million in debt so that it could remain open. Today, the chainwhich bills itself as the worlds largest retailer of Christian-themed merchandiseannounced it is closing all of its stores after 85 years in business. Family Christian, which employed more than…
LISBON, Portugal–(BUSINESS WIRE)–Haitong Bank, 100% wholly owned by Haitong Securities, a company listed in the Shanghai and Hong Kong Stock Exchanges, will initiate a global restructuring plan in the beginning of March 2017, called Haitong Bank 2025. This initiative aims to align the investment Banks positioning with the new trends shaping the sector as well…
To stamp out illegal phoenix activity, directors should be required to have identification numbers. And, if theyve had many corporate failures, they should be classed in a new probationary category, our research shows. These are a few of several measures we have designed to detect and pre-emptively disrupt those bent on using company liquidation or…
The recent judgment in MB Refrigeration and Air-conditioning Limited (in liquidation) v- Allied Irish Bank Plc [2016] has clarified what constitutes notice of the liquidation of a company for creditors and banks alike, write Mark Woodcock (pictured right) and Joanne Cooney (pictured below) of McDowell Purcell.In this case the liquidator sought recovery of money paid out of a companys…
The leading design firm set up by Ed Dubois in 1977 has closed and gone into liquidation, with its assets being sold through auction. Following the death of world-renowned British designer Ed Dubois last year, we are saddened to report that Dubois Naval Architects has closed and gone into liquidation. Its assets including the iconic…