Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
Restructuring and insolvency partner Orla McCoy has resigned from Australian corporate firm Clayton Utz to join rival Gilbert + Tobin, just two months after another restructuring partner resigned from Clayton Utz to join White & Case. Both McCoy and Timothy Sackar have resigned but remain working at Clayton Utz before starting at their new firms.…
Dolphin Marine Conservation Park managing director Terry Goodall with Hugo, an Australian sea lion born at the park in the Australasian Species Management Program for Endangered Species. DOLPHIN Marine Conservation Park has entered voluntary administration. The park and the Dolphin Marine Rescue Animal Rehab Trust operate without government funding. Advertise with News of The Area…
Committee chairman Senator Deborah O’Neill. The Parliamentary Joint Committee on Corporations and Financial Services released its report into Corporate Insolvency in Australia this week and the full list of the Committee’s recommendations can be viewed below, along with a link to the report. Unsurprisingly, the main recommendation of the Committee is that inquiries continue. The…
Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket. On Monday, NSW building company Allura Homes Pty Ltd went into liquidation. The firm, which was based on sydney’s lower north shore in Lane Cove, had 39 residential projects underway, which have…
329 corporate insolvencies were recorded in Ireland in the first half of the year, new figures from Deloitte show. This is up 30% on the same time last year, when 253 insolvencies were recorded. 186 corporate insolvencies were recorded in the second quarter of the year, up 30% on the previous quarter. These figures represent…
A total of 329 corporate insolvencies were recorded during the first half of the year, an increase of 30% from the same period in 2022 (253), according to Deloitte. Insolvencies also increased on a quarterly basis, jumping from 143 in the first quarter to 186 in the second quarter, the highest recorded level since Q1…
Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket. On Monday, NSW building company Allura Homes Pty Ltd went into liquidation. The firm, which was based on Sydneys lower north shore in Lane Cove, had 39 residential projects underway, which have…
Victorias largest privately owned plumbing company has gone into liquidation just months after attempting to restructure the business. Richstone Australia Group Pty Ltd, and several other related companies, officially collapsed on June 19 according to documents filed with the Australian Securities and Investments Commission (ASIC). A total of 150 people were employed by the plumbing…
Another construction company has gone under leaving behind millions of dollars worth of debt with more than 100 tradies still waiting to be paid. Kleev Homes Pty Ltd – which is based in Narre Warren, in melbourne – quietly went into liquidation earlier this month with $3.3 million in debts. The construction company owed millions to…