Well-known melbourne homewares company Fenton & Fenton has collapsed and is currently in liquidation after 15 years in business. Founded in 2008 by Lucy Fenton, the company started in a small showroom on the trendy High Street in Prahran. Known for its bright and colourful pieces, it sold products ranging from décor, various artworks, rugs,…
The Commission has published its fourth half-yearly report on the debt management operations it conducts to finance the EUs borrowing and lending programmes, covering the period JanuaryJune 2023. These were the first six months in which the Commission used the diversified funding strategy – that was developed in 2021 to finance NextGenerationEU to also fund…
Aug 3, 2023 8.00pm The Australian Taxation Office has drastically ramped up Federal Court actions to recover $30 billion in overdue small business tax, which nearly doubled during the pandemic, ending its leniency policy. The Tax Office started 476 wind-up proceedings in the first seven months of 2023, compared with just 14 in the same…
A company may become insolvent when it cannot pay its debts when they become due or has insufficient assets to cover its liabilities. While it can be extremely stressful and overwhelming, there are several steps which businesses can take to manage the situation effectively and protect its interests. Herein we focus on measures to consider when your company is insolvent to ensure you as founders and directors are protected…
Eclectic Melbourne-based furniture and homewares retailer Fenton & Fenton has gone into liquidation. The companys website is now host to a single page, which reads: Fenton & Fenton Pty Ltd (In Liquidation) is now in Liquidation with Adam Nikitins and Stewart McCallum of EY appointed liquidators. Fenton & Fenton, founded in 2008 by Lucy Fenton,…
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Global law firm White & Case is establishing a restructuring and insolvency practice in Australia with the addition of two partners, Timothy Sackar and Jillian McAleese, from Australian firm Clayton Utz. The firm is the latest of several to bolster its insolvency practice in anticipation of rising corporate failures in Australia. Read the full article…
Minister for Regional Development and Manufacturing and Minister for WaterThe Honourable Glenn Butcher Relief for South East Queensland households hit with high water bills due to a concealed leak New SEQ Bulk Water Concealed Leak Remission Scheme and debt relief Remission will be administered through the 5 water service providers in South East Queensland The…