The Ropes & Gray Business Restructuring team in London has contributed a chapter to GRR’s recently published Europe, Middle East and Africa Restructuring Review 2024. The chapter provides a refresh on current English restructuring and insolvency tools. It focuses in particular on the developments in English restructuring and insolvency law and practice over the course…
A leading Australian provider of telehealth services has been ordered into court liquidation with debts estimated in excess of $10 million. The company, Ereports Pty Ltd, described itself as a global network of 400 plus leading medical experts across 65 plus specialties and locations in Australia, South Africa and the UK and a leading provider…
By Wayne Robinson | 22 May 2024 Momento Pro, the multi-award winning, pioneering, Sydney-based photobook printing company, has gone into voluntary liquidation, some 20 years after it was founded. Best in the world: Geoff Hunt and Libby Jeffrey with the Bennys Established in 2004, Momento was the first personalised photobook company in Australia and New…
Newsflash: More companies and individuals across England and Wales fell into insolvency last month, as high interest rates continue to weigh. Company insolvencies jumped by 18% in April to 2,177, the Insolvency Service has reported. This included 300 compulsory liquidations, 1,715 creditors voluntary liquidations (CVLs), 144 administrations and 18 company voluntary arrangements (CVAs). CVLs allow…
Listen to this post Blog Post: The concept of avoidance of preferential transactions under Section 43 of the Insolvency & Bankruptcy Code, 2016 (Code), is based on the principle that insolvency is a collective scheme process and that the assets of a corporate debtor (CD) are distributed equitably in a liquidation scenario. During the twilight…
Infamous Swim has secured backing of approximately $1 million through a group of entrepreneurs from the tech, e-commerce, fashion and communications sectors, with the founder of the original mummy-and-me swimwear brand confirming the label has been restructured and is now operating in a new company structure with new directors. It comes after the swimwear brand…
Open this photo in gallery: A commercial retail space is advertised for lease along King Street West in Toronto on March 9, 2021.Tijana Martin/The Canadian Press Daryl Ching, a Toronto-based chartered financial analyst, has worked with dozens of small business owners over the years. Some of them, unfortunately, fell on hard times and had to…
By Ashley Nickel For Daily Mail Australia Published: 14:15 AEST, 20 May 2024 | Updated: 14:18 AEST, 20 May 2024 A construction company has collapsed leaving behind millions of dollars worth of debt. Alurt Construction Services, which is based ne… Read the full article at: https://www.dailymail.co.uk/news/money/article-13436777/Alurt-Construction-Services-collapse-liquidation.html
A building company has collapsed as liquidators investigate the transferral of hundreds of thousands of dollars of company funds to two employees. Last week, Alurt Construction Services, based on the NSW mid-north coast near Coffs Harbour, plunged into liquidation. The companys initial estimated debt of around $100,000 has exploded to more than $2 million, although…
Air Vanuatu said on Thursday it had cancelled international flights for the rest of the week, as the Pacific Island nation’s government considered placing itsnational carrier into voluntary administration. All of Air Vanuatu’s international flights between Thursday and Sunday are canceled, and all later flights are under review, the airline said in a statement. “The…