The JCT is due to release a new suite of contracts within the year ahead. Aside from the homeowners building contracts released in 2021, this will be the first new suite since 2016. The new contract suite is expected to address several issues that have arisen over the last seven years, including insolvency a particular…
EXCLUSIVE: High-profile construction company suddenly collapses – as Melissa Caddick link to the firm is revealed Midson Construction (Qld) goes into voluntary administration Jones Partners principal appointed voluntary liquidator Bruce Gleeson also liquidated Caddick’s companies By Kylie Stevens and Eliza Mcphee For Daily Mail Australia Published: 16:12 AEST, 2 June 2023 | Updated: 16:45 AEST,…
The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (the Act) came into force on 18 February 2020. The purpose of the Act is to: combat illegal phoenix activity; and improve the accountability of resigning directors. Three years since the Act came into force, we revisit the changes to see what impact they have…
Source: Coco Tribe A premium coconut yoghurt brand stocked in hundreds of grocery stores across the country has collapsed into voluntary administration. Coco Tribe was founded in 2016 by entrepreneur Tedy Altree-Williams to provide dairy-free coconut-based yoghurt and ice-cream products. Its brightly coloured range of six plant-based yoghurt flavours and eight ice cream varieties are…
A Book titled, Corporate Insolvency Resolution Process and Liquidation under the Insolvency and Bankruptcy Code, 2016, authored by Justice L. Nageswara Rao, Former Judge, Supreme Court of India and Mr. Avinash Krishnan Ravi, Advocate (Madras High Court) and published by Lexis Nexis, was formally released by Justice Rohinton F. Nariman, Former Judge, Supreme Court of…
VIC Premier The Victorian Government has appointed Judge Ted Woodward to the Supreme Court of Victoria, commencing 5 June 2023. Judge Woodward will also serve as President of the Victorian Civil and Administrative Tribunal (VCAT), with his five year term to start from 1 July 2023. He was appointed as a Judge of the County…
Chris Ferguson Businesses from across the region could still be impacted by a number of recent economic headwinds, including rising interest rates, according to the North East chair of insolvency and restructuring trade body R3, despite a drop in the number of insolvency related activities. The latest Insolvency Service statistics unveiled a month-on-month drop of…
Listen to this post In its recent judgment in State Bank of India vs Moser Baer Karamchari Union[1], the Apex court has reiterated the settled legal position of law pertaining to treatment of Employees provident fund, pension fund and gratuity Fund (EPF Dues) under the Insolvency and Bankruptcy Code, 2016 (Code). The primary reason for…
The global first of $5 a litre raw milk has not been the innovation goldmine the founders of diary tech startup Made by Cow had hoped, with the business placed in voluntary administration last week and closing its doors. The Sydney startup developed a patented method to treat milk so it was safe to drink…
A prominent residential building company in Western Australia has gone bust. On Monday, the Slatter Group WA Pty Ltd, trading as the Slatter Group, appointed liquidators to wind up the company. Samuel John Freeman and Clare Anne Baily of big four accounting firm Ernst & Young (EY) are the joint liquidators of the operation. The…