Coming and Going Concerns – Wall Street Journal (blog)

Liquidation

Jonathan Levine has joined Morrison & Foerster as a partner with the business restructuring and insolvency group. Mr. Levine, who most recently worked with Andrews Kurth, has represented creditors committees and bondholder groups in industries including mining and energy. In addition to working on chapter 11 cases, he also has worked on out-of-court restructurings and distressed…

Laura Ashley collapse: Seven stores closed as voluntary administration continues – SmartCompany.com.au

Liquidation

Seven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura Ashley…

Company behind 20 Jeep clothing and footwear stores collapses into voluntary administration – SmartCompany.com.au

Liquidation

The company with the licence to sell Jeep clothing and footwear in Australia has collapsed into voluntary administration. The collapse comes around 10 years after Jeep opened its first concept store in Melbourne through local licensee Revolution Brands. Revolution Brands appointed voluntary administrators last week, with Barry Wight from Cor Cordis Chartered Accountants acting as…

Training provider collapses into voluntary administration as concerns over vocational education system grow – SmartCompany.com.au

Liquidation

Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…

Insolvency, Restructuring Feared to Undermine Banks’ Soundness – BusinessKorea

Liquidation

Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…