Associate Matthew Downing has moved from the firms Norwich office, where he has been working for the previous three years, to head up Ashtons Legals Corporate and Commercial team in Cambridge. Downing has extensive experience advising clients on buying and selling businesses, in particular owner managed and family businesses. He also advises on shareholder and…
Clive Palmer has made light of a damning letter administrators claim shows Queensland Nickel was trading while insolvent for a month and a half before they were called in. The November 27, 2015, a letter from rail freight operator Aurizon declares the company in default of a $12.5 million debt and calls for payment within 28 days,…
Brunel Law School has appointed two new high-profile academics to teach the universitys portfolio of corporate law courses to undergraduate and postgraduate students. Emeritus Professor of Corporate Law at the University of Oxford, Professor Dan Prentice, and the chair of the company law committee of the Council of the Bars and Law Societies of the…
Clive Palmer waves to media as he arrives to face further grilling over the Queensland Nickel collapse on Thursday morning. CLIVE Palmer has launched a High Court bid to halt a public examination into the collapse of Queensland Nickel. The businessman is due before the High Court in Brisbane on Thursday afternoon in a case…
The number financial restructuring and insolvencies is on the rise in the Asia Pacific region and despite low interest rates helping to cushion borrowers, depressed commodity prices have taken the number of global corporate defaults to their highest levels since 2008. For lawyers, an increase in work with respect to distressed situations is only likely…
Clive Palmer’s absent nephew has weighed into the Queensland Nickel collapse controversy from the other side of the world, announcing plans to launch court action against the company’s liquidators. Previous slide Next slide Clive Palmer: ‘you’ll be sorry’ Clive Palmer threatens a photographer outside court in Brisbane, saying “you hit my wife again mate and…
With the government of South Korea unwilling to rescue the country’s largest shipping line, liquidation seems the most likely outcome for Hanjin Shipping. Shipping restructuring specialists speaking at the Capital Link New York Maritime Forum on Sept. 13 predicted that Hanjin Shipping will ultimately be liquidated, not rehabilitated. Hanjin will likely be liquidated rather than…
Nicholas Jermyn placed into liquidation Save Wednesday, 14 September 2016 Retailer of business shirts Nicholas Jermyn has been placed into liquidation, with administrators saying workplaces becoming less formal and increased competition from online retailers led to its demise. The 10-year-old New Zealand retailer was in the hands of voluntary administrators since May when it shut…
Matthew (pictured right) has extensive experience advising clients on buying and selling businesses, in particular owner managed and family businesses. Matthew also advises on shareholder and investor arrangements and leads Ashtons regional sector group, which focuses on providing services to start-ups and high growth businesses and entrepreneurs. In addition to these areas, Matthew also has…
… Read the full article at: https://www.lloydslistaustralia.com.au/lla/market-sectors/containers-and-container-shipping/HANJIN-CRISIS-how-to-protect-yourself-before-there-is-a-major-insolvency—issues-around-ongoing-liability-under-service-contracts-536744.html