Street Talk Jul 17, 2023 11.30am Powerhouse law firm Gilbert + Tobin has claimed another scalp. Clayton Utz partner Orla McCoy. Arsineh Houspian Street Talk understands Clayton Utz restructuring and insolvency partner Orla McCoy has resigned. She had been with the firm for over 18 years over two separate stints, focused on corporate restructurings, workouts and…
Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company meeting resolved City Residence should be wound up. The company was yet to complete 13 residential building projects despite the liquidation. Camera Icon Perth builder…
A popular coffee chain, with four locations in Melbourne, has gone into administration. Puzzle Coffee went into voluntary administration on June 28, according to documents listed by the Australian Securities and Investments Commission (ASIC) The caf chain, which boasts cafs at Swanston St, Melbourne Central, Southern Cross Station and Chadstone Shopping Centre, said they are…
DSK Legal advised and assisted Sundaresh Bhat, Resolution Professional JBF Petrochemicals with respect to the corporate insolvency resolution process. The Firm’s role consisted of end to end support to the resolution professional from commencement of the CIRP till implementation of the resolution plan, including verification of claims from various stakeholders, reviewing and analysing various resolution…
Brisbane Distillery Company has collapsed owing more than $1.3 million after owner and former porn baron Jon Atherton failed to salvage the business. BCR Advisory appointed Daniel Moore to liquidate the gin maker on Thursday, following a recent court case which led to the business being forced to vacate its base of operations for not…
Two prominent Melbourne restaurant and cafe businesses have been placed into administration as cost-of-living struggles continue to hit hard. Calia Australia, which operates Calia venues at the Emporium on Lonsdale Street and Chadstone, appointed voluntary administrators on June 28, according to documents listed by the Australian Securities and Investments Commission. Puzzle Coffee, which has four…
Jul 12, 2023 Committee chair Deborah O’Neill says she hopes the report will provide the foundation for reform. -AAP Image Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and…
The insolvency industry has warmly welcomed a parliamentary report recommending sweeping changes to simplify corporate insolvency law and make it more efficient. The Australian Restructuring, Insolvency & Turnaround Association (ARITA) said the report echoes most of its recommendations, especially on bringing personal and corporate regimes together and addressing unfairness in the system. We are delighted…
Jul 12, 2023 Committee chair Deborah O’Neill says she hopes the report will provide the foundation for reform. -AAP Image Australia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and…
Join our daily newsletter At The Bell to receive exclusive market insights Optima Technology Group (OPA) and its subsidiary, Optima Technology Group (Operations), enter voluntary administration The companys directors appointed Glen Kanevsky and Jason Tracy from Deloitte Financial Advisory as joint and several administrators The directors believe voluntary administration would have the best outcome for…