Cladding manufacturer Fairview Architectural has filed for voluntary administration, citing challenges posed by COVID-19 and $1.5 million spent so far defending a class action alleging [] Subscribe for instant access to all Lawyerly content. Already a subscriber? Lost your password? Want to test drive Lawyerly? Contact us to take a free trial. Read the full…
Liquidators say it is not yet clear whether there will be a return to unsecured creditors following the collapse of construction-focusedinsurance group Qamvis. As insuranceNEWS.com.au has reported, Qamvis operated agency Qiducia Underwriting Australia and brokerage Qtrust Insurance & Advisory, both of which sourced capacity from Guild Insurance. On June 18 Melbourne-based Qamvis was placed into…
National swimwear retailer Seafolly has collapsed into voluntary administration amid the impact of the COVID-19 pandemic on Australias beleaguered retail sector. Scott Langdon and Rahul Goyal of KordaMentha Restructuring were appointed as voluntary administrators of the business on Monday and will now attempt to sell the company after an assessment of its affairs is completed.…
A company associated with five-star Sofitel Auckland Viaduct Harbour has gone into liquidation. Viaduct Quays Hotel (VQHL) was put into liquidation on Monday, according to the New Zealand Companies Office. VQHL as leaseholder operated the Sofitel Viaduct Harbour under a Management Agreement with Accor. Tony Maginness of Baker Tilly Staples Rodway Auckland is now in…
By Wayne Robinson | 10 July 2020 Signage industry supplier Fairview Architectural whichcounted one of controversial outfit Skope Group’s entities, Clear Skies, among its clients is in voluntary administration, as it battles a class action lawsuit. Into voluntary administration: ACM supplier Fairview Administrators are John McInerney and Said Jahani of Grant Thorton in Sydney. The…
STUFF The five-star hotel has closed down due to the financial impact of Covid-19, resulting in at least 139 job losses. The five-star Sofitel Auckland Viaduct Harbour has gone into liquidation, leaving at least 139 people out of work. Viaduct Quays Hotel, the registered company operating the waterfront hotel, was put into liquidation on Monday.…
Tax and advisory firm Grant Thornton has been appointed as the voluntary administrator of cladding supplier Fairview Architectural. Fairview Architectural specialises in the design, manufacture and supply of cladding and composite panel products to the construction sector. Based in Lithgow, Fairview Architectural employs 52 people in Australia. Fairview Architectural shares a licence agreement with brands…
Some excellent news for your Golden Goose collection comes today with an announcement from Tuchuzy, one of Sydneys longest running and most iconic fashion retailers. A spokesperson for the company has stated that the Bondi institute has regained control and has come out of voluntary administration thanks to the support and willingness to shop local…
Coatchristophe | Keith Steven of Company Rescue explores and comments on the new Corporate Insolvency and Governance Act which came into force at the end of June 2020 The new Corporate Insolvency and Governance Act came into force for companies in the UK and Northern Ireland to give distressed businesses breathing space and focus their…
Tuchuzy founder Daria Sakic has regained control over the business. Sakic placed the designer retailer into voluntary administration last month, citing tough trading conditions. Theres been lots of sleepless nights,” she said of the voluntary administration period. “I feel responsible for the livelihood of my team but also wanting to be able to provide the…