Following the sharing of the difficult news by the proptechs leadership team yesterday afternoon, REB can now reveal the next steps for the company. After the revelation that :Different had entered into voluntary administration, appointing KPMG as administrators, the leadership team has been reported as working closely with KPMG and keeping on a team to…
Companies House Published 29 June 2023 Contents 1. Other statistics in this release 2. Main points 3. Impact of coronavirus (COVID-19) measures on the register 4. Changes in the companies register 5. Historic changes in register size 6. Age of companies on the register 7. Types of corporate body on the register 8. Overseas companies…
Australian PropTech company :Different has gone into voluntary administration, with KPMG set to sell the platforms assets and intellectual property. In a note to staff, :Different Co-founders Mina Radhakrishnan and Ruwin Perera said despite working hard to secure the additional funding needed to complete building and scaling the platform, they had been unable to secure…
:Different co-founders Mina Radhakrishnan and Ruwin Perera. Source: Supplied. Proptech startup :Different has entered into voluntary administration after failing to secure adequate funds to continue running the business. Documents listed by the Australian Securities and Investments Commission (ASIC) on Thursday show Amanda Coneyworth and James Stewart from KPMG have been appointed administrators of the company,…
June 29 (Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis, inflation and rising interest rates, a study by credit agency Creditreform showed on Thursday. There were 8,400 corporate insolvencies in Germany…
Authorized Representative Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors. For…
The jobs of around 160 workers are uncertain after an Adelaide plastics manufacturer and supplier of wheelie bins to councils entered voluntary administration after 30 years of trading. Bins made by Trident Plastics on Adelaide streets. Photo: City of Charles Sturt. St Clair-based Trident Plastics cited manufacturing and supply chain challenges, the impact of COVID-19…
New South Wales Parliament has been told the founder of a collapsed Australian waste operator came from “nowhere” to “dubiously dupe” a council into a contract worth millions of dollars. Key points: Kiama MP Gareth Ward has used parliamentary privilege to accuse Bioelektra Australia and its founder of ripping off Shoalhaven council The waste operator was placed…
June 28, 2023 Best Lawyers and Best Lawyers: Ones to Watch in France 2024 have recognized 17 Gibson Dunn attorneys, and 15 Gibson Dunn attorneys have been recognized as leading lawyers in their respective practice areas. The partners highlighted, with their respective practice areas, include: Ahmed Baladi Information Technology Law, Intellectual Property Law, Outsourcing, Privacy and Data Security…
In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered with it.The Insolvency and Bankruptcy Board of India (IBBI) will share the list with the adjudicating authority to choose from to oversee cases of resolution or liquidation from July 1,…