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…
DetailsFenton & Fenton, a much-loved Australian homewares boutique that garnered a massive following over the years, has collapsed. The once-thriving business in the trendy suburb of Prahran in Melbournes inner southeast has been placed under external administration. The merchants website, now defunct, features a brief statement announcing the liquidation: Fenton & Fenton Pty Ltd (In…
DetailsBusinesses may need to rethink how they forecast and plan for their future with many businesses dealing with unprecedented levels of change, according to BDO national leader, business restructuring Andrew Sallway. For businesses struggling to rebuild after the pandemic, Mr Sallway said reliable and robust forecasting has never been more critical. One of the way…
DetailsThe bankrupt crypto exchange FTX has submitted a draft reorganization plan to the courts to pay back creditors. The draft plan, filed with a US bankruptcy court on Monday, calls for scrapping claims based on holdings of the disgraced companys native token, FTT. The draft says the FTT-based claims against the exchange should be dropped…
DetailsHousing Minister Rose Jackson has said she is looking into why tradies still havent been paid for building the public housing block at 16 Spring Street, Wagga. Photo: Chris Roe. The NSW Governments Land and Housing Corporation (LAHC) claims it did not know the company it appointed to build a public housing block in Wagga…
DetailsNormal text sizeLarger text sizeVery large text size An undischarged bankrupt was instrumental in landing his insolvency firm the lucrative rights to be administrator of fugitive Jean Nassifs failed property empire, which has collapsed owing more than $1.24 billion, including $88.5 million to suppliers and tradespeople. The scale of the collapse of Nassifs Toplace group…
DetailsJoestarr Group building firm served with court-imposed liquidation order, leaving 30 homeowners in the lurch in Melbourne Court orders Joestarr Group into liquidation Firm blames pandemic-influenced price rises Latest in long list of building firms to go under By Max Aitchison For Daily Mail Australia Published: 00:40 AEST, 3 August 2023 | Updated: 00:43 AEST,…
DetailsFull Profile Elias has advised on a number of corporate transactions, working with clients operating in the education, energy, financial services, infrastructure, real estate, retail and consumer, and technology sectors. Elias is currently ranked by Chambers Global 2023 for Qatar banking and finance, and corporate/commercial. Elias is a member of the Beirut Bar Association. He…
DetailsMUMBAI: The National Company Law Tribunal (NCLT) Mumbai recently had allowed an application filed by Edelweiss Asset Reconstruction Company Limited and initiated Corporate insolvency proceedings against well known art director Nitin Desais NDs Art World Pvt Ltd over a debt of Rs 252 crore. Edelweiss had filed the company petition last year to initiate Corporate…
DetailsGlobal 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…
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