Italian Yacht Builders Ferretti Group And Sanlorenzo Form Joint Venture To Rescue Perini Navi From Bankruptcy – Forbes

Bankruptcy

Perini Navi’s 230-foot-long Sybaris that was designed by Phillipe Briand won great acclaim in 2018. Perini Navi Two of the worlds leading yacht buildersFerretti Group and Sanlorenzoalso happen to beItalianyacht builders. So, Im not surprised that when news of another storied Italian superyacht builderPerini Naviwas in financial distress, the leadership teams from the Ferretti Group…

Details

ASIC permanently bans former financial adviser – AccountantsDaily

Liquidation

ASIC has permanently banned a former Sydney financial adviser following his involvement in 14 failed companies, including an SMSF firm. ASIC has permanently banned former Sydney financial adviser Daniel Stuart McSweeny from providing financial services. On 18 December 2018, Mr McSweeny was charged with 20 dishonesty offences and one offence of falsifying books as a…

Details

Two WridgWays subsidiaries placed in liquidation | News – Australasian Transport News

Liquidation

Date: 15.02.2021 Creditors and administrators meetings remain unsuccessful An agreement failed to be found Two WridgWays Australia subsidiary businesses are going into liquidation over a month after being placed in voluntary administration. The decision comes after meetings between administrators, SV Partners Timothy Brace and Peter Gountzos, and creditors regarding the decision to appoint a committee…

Details

Vic principal used school money to gamble – Bellingen Courier Sun

Bankruptcy

A Victorian principal spent almost $23,000 of his government-funded school’s money on gambling, booze, gift cards and an overseas holiday. Between 2016 and 2018, cheques for school equipment were deposited into the principal’s own bank account, at his request, resulting in the misuse of $22,850. Ombudsman Deborah Glass declined to name the principal or school…

Details

IBBI arm seeks e-platform for stressed asset sale – BusinessLine

Liquidation

The research wing of Insolvency and Bankruptcy Board of India has suggested an online platform for sale of stressed assets to bring in more transparency and better price discovery. In its assessment report on Corporate Insolvency and Resolution Timeline, it said the platform can be prepared on similar lines as investindia.gov.in specifically for stressed assets…

Details

Vic principal used school money to gamble – Bellingen Courier Sun

Bankruptcy

A Victorian principal spent almost $23,000 of his government-funded school’s money on gambling, booze, gift cards and an overseas holiday. Between 2016 and 2018, cheques for school equipment were deposited into the principal’s own bank account, at his request, resulting in the misuse of $22,850. Ombudsman Deborah Glass declined to name the principal or school…

Details