Conditions precedent and automatic termination: The Court applies the prevention principle A recent Queensland Supreme Court decision highlights that a party failing to satisfy the conditions precedent for which it is responsible to meet will not be able to take advantage of its default to assert that the contract has ended. Even though the contract…
DetailsThe parent company of embattled health food brand Bounce known for its range of protein balls will have a new home, after it was bought out by another health company. Last month, documents revealed that Natural High Co Pty Ltd which operates Bounce Foods entered administration due to a heavy debt burden. But on August…
DetailsThe parent company of embattled health food brand Bounce known for its range of protein balls will have a new home, after it was bought out by another health company. Last month, documents revealed that Natural High Co Pty Ltd which operates Bounce Foods entered administration due to a heavy debt burden. But on August…
DetailsSummary CAIRE, the parent group of Air Antilles, has been placed into liquidation by the Mixed Commercial Court of Pointe–Pitre amidst strikes. The ruling means a court-appointed representative will oversee the company until a buyer is found, with a two-month continuation period granted to Air Antilles and Air Guyane. The decision has been largely welcomed…
DetailsASIC has commenced civil penalty proceedings in the Federal Court against Paul Ryan, director of Dixon Advisory & Superannuation Services Pty Limited, for alleged breaches of directors duties. ASIC alleges Mr Ryan breached his duties as a director by his involvement in decisions ASIC alleges were to the advantage of Dixon Advisorys holding company, E&P…
DetailsMicromobility.com, home of Helbiz, has submitted a non-binding bid to acquire VanMoof, following news that the Dutch e-bike brand was declared bankrupt last month. Beginning with shared e-scooters in Italy in 2018, today micromobility.com offers e-scooters, e-bikes and e-mopeds on short-term and long-term rentals as well as retail sales. The company said its bid demonstrates, the company’s strong…
DetailsPopular Australian protein bar company Bounce Foods has found a new buyer after the company entered voluntary administration last month. Protein fanatics were heartbroken to hear the news that on July 14 administrators were appointed to Natural High Co Pty Ltd trading as Bounce Foods. John McInerney and Philip Campbell-Wilson of Grant Thornton were appointed…
DetailsTitanium Security suddenly collapses leaving 2,300 customers in the lurch and 80 staff in jeopardy Titanium Security placed into liquidation Company previously avoided collapse in 2021 By Brett Lackey For Daily Mail Australia Published: 23:07 AEST, 3 August 2023 | Updated: 00:16 AEST, 4 August 2023
DetailsThe 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…
DetailsAug 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…
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