On Wednesday 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) introduced the new Corporate Insolvency and Governance Bill. The measures in this Bill will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. What this means for businesses The…
The retail apocalypse claims yet ANOTHER victim, as beloved Australian designer brand Tuchuzy shuts its doors after 25 years Tuchuzy will go into voluntary administration, it was announced on Wednesday The Bondi store operated for 25 years and sold top brands like Ksubi and Bassike It comes after Australia’s retail sector suffered its worst slump…
OVERVIEW On 20 May 2020, the Corporate Insolvency and Governance Bill (the Bill) was introduced to the House of Commons for its first reading, with the aim of completing all its stages in the Commons and progressing through the House of Lords by late June or early July. The Bill has the purpose of introducing…
The COVID-19 pandemic situation is challenging the economies of the world, including an impact on large and small businesses. Despite the many relaxations granted by the government of India and various state governments, the impact on businesses is deep. While some large businesses have cash reserves and resources to bide them by, the impact on…
Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic. The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15. Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in…
Organic Dairy Farmers of Australia has gone into voluntary administration following increased pressure from the coronavirus pandemic. The dairy co-operative was taken over by Scott Andersen and Ivan Glavas of Worrells Solvency and Forensic Accountants on May 15. Based in Geelong, Organic Dairy Farmers of Australia is the largest producer of certified organic milk in…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
Australias PAS Group, which owns high-street clothing brands Review, Black Pepper and Yarra Trail, recently entered voluntary administration. The company employs 1,300 people and operates 225 shops in Australia and New Zealand. The decision by the group, which has struggled for years, follows a recent announcement that it was looking at restructuring options. The PAS…
A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…