The troubled mortgage fund manager LM Investment Management Limited and its directors are facing the prospect of a flurry of lawsuits on behalf of investors after the business was placed into administration. LM, which was the subject of a Four Corners exposé earlier this month, was placed into voluntary administration last night, with the retirement…
Ruby Apartments opened in Surfers Paradise in late 2018. Real estate entrepreneur and investor, Dr Jerry Schwartz, has boosted his gold coast portfolio, picking up the city’s Paradise Resort – a former asset of the insolvent Ralan Group – for $43 million. The price paid is around $32 million less than the $75m paid by…
Updated Apr 21, 2024 – 6.27pm, first published at 2.17pm When
Matisse, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venue’s sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicol’s local office on Friday. Mr Reid declined to comment yesterday but it is believed the interruption to…
The private developer behind sydney’s Halo timber office tower has put his part of the ambitious $1.8 billion project into voluntary administration in a move he says will ensure the unique 55-storey building will ultimately get built. The surprise announcement that KPMG has been appointed to Milligan Group entities is the latest twist in the…
A Set small text size A Set the default text size A Set large text size ACT Brumbies chairman Matt Nobbs has shut down suggestions the Super Rugby franchise is following the path of the melbourne Rebels by heading into voluntary administration and dismissed any suggestion of a potential merger. On Monday night, The Australian…
A perth-founded online flower seller facing hundreds of thousands of dollars in payment claims from florists across Australia and overseas has been put into administration. The Hegarty family’s Ready Flowers business has over the past decade also been a subject of customer claims of late deliveries or poor-quality products. Ready Flowers takes orders online and…
brisbane fintech Digital Surge is the latest cryptocurrency exchange to be placed in voluntary administration in the wake of the collapse of US exchange. Scott Langdon, John Mouawad and David Johnstone from KordaMentha Restructuring were appointed voluntary administrators on Thursday, after the fintech’s directors made the decision to put the business in VA on Wednesday.…
Black Hops Brewing is the latest in a series of breweries to enter voluntary administration, advising that the Black Hops Board had no alternative but to place the business into voluntary administration due to its current circumstances. Deloitte Turnaround & Restructuring partners David Mansfield and Tim Heenan have been appointed voluntary administrators of the operations…
Hall Chadwick, the administrators for Billboard Media, are still seeking offers for the melbourne-based wide format printer, which went into voluntary administration in December 2025. Hall Chadwick supervisor Jessie Low confirmed the following in a statement to Sprinter: “The administrators remain open to considering any further purchase offers in respect of the sale of Company’s business and assets.” Low also provided an…