Australian Fashion Labels is having urgent talks with a potential buyer after filing for voluntary administration on 6th January. Brands under the Group include Finders Keepers, Keepsake, The Fifth Label and C/MEO Collective. The business has appointed administrators Brett Lord and Marcus Ayres from Duff & Phelps to complete the process. First and foremost, were…
DetailsSome experts now believe there will no longer be a massive spike in businesses going belly up as COVID-19 drags on in Australia. But for some, 2021 will still bring heartbreak. Key points: Coronavirus protections and stimulus measures for businesses are starting to be wound back Despite this, some experts believe 2021 will not be…
Details11:58 13/01/2021 MOSCOW, January 13 (RAPSI) Troubled Russias Antipinsky refinery has lodged an application seeking to declare New Stream oil and gas company chaired by the former co-owner of the refinery bankrupt, according to court records. In late December, the Supreme Court of Russia has refused to overturn a ruling declaring board chairman of New…
Details‘Items new, old and worn’: Bankrupt Katie Price makes over 10K by selling her old shoes and used bikinis for 15 on Depop By Sean O’grady For Mailonline Published: 23:35 AEDT, 13 January 2021 | Updated: 23:52 AEDT, 13 January 2021 57 View comments Katie Price is raking in the cash by selling her old…
DetailsThe discussion paper notes that legislation which would have reduced the default period for bankruptcy from three years to one year the Bankruptcy Amendment (Enterprise Incentives Bill lapsed before the 2019 election over concerns about it being available to those “for whom a concession is not a desirable or justifiable outcome”. The paper says consideration…
DetailsBy David Lawder, Karin Strohecker 4 Min Read (Reuters) – Increasing debt distress in emerging markets means that China, now the worlds largest official creditor, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, World Bank Chief Economist Carmen Reinhart told the Reuters Next conference on…
DetailsIntroduction General legislation Subsidies Consumer protection Air transport Introduction Since the World Health Organisation declared the COVID-19 outbreak a pandemic on 11 March 2020, governments worldwide have made significant efforts to cope with this unforeseen situation and control the spread of the virus. Numerous legal provisions, both temporary and permanent, have been introduced in an…
Details6one5 Retail Consulting head Bill Rooney believes now is the time to start preparing for March 28. How Fashion Retail Should Prepare for the Stimulus Packages Ending The end of the stimulus package on the 28th March 2021 couldnt occur at a worst time for fashion retailers coming at the end of the traditional slow…
DetailsDownload CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2017 January 336 2017 February 292 2017 March 304 2017 April 263 2017 May 281 2017 June 300 2017 July 266 2017 August…
DetailsHerculaneum Quay, now under the control of its investors, was the subject of a dispute between Primesite and funder Lendy 12 Jan 2021, 12:22 Neil Tague The developer who fronted troubled Liverpool schemes including Herculaneum Quay and The Rise has been declared bankrupt in the citys County Court. Tomlinsons name was added to the Individual…
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