WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
DetailsUK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead… Further to our last update on prospective changes to the UK insolvency regime in light of COVID-19, the UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead of several other…
DetailsSix years and nine months’ jail for a trip to Bunnings and helping a mate crack open cocaine-filled car parts was “unreasonable and plainly unjust”, NSW appeal judges have ruled. Biomedical scientist Klyde O’Shaughnessy will be eligible for release in November after his jail term was cut by 40 per cent this week. He successfully…
Details1:44 PM IST If the list of key figures in Australian cricket who couldn’t deal with Kevin Roberts had grown so long as to make his position as Cricket Australia (CA) chief executive untenable, it’s unlikely that their discontent will be sated purely by his exit. After Roberts departed on Tuesday, leaving behind many fractured…
DetailsHe once owned some of the most valuable buildings in the world, and built up a portfolio valued at more than 4B (3.6B). But UK property investor Glenn Maud could be declared bankrupt by the end of the month following a judgement in a long-running legal battle against Libyas sovereign wealth fund and fellow entrepreneur…
DetailsJohn Holland, the Australian contractor owned by the China Communications Construction Company (CCCC), has announced jobs cuts and a restructuring of its divisions in the wake of a US$40m loss for 2019. The company has created a major projects division to handle jobs worth more than $1bn, and has hired former Carillion managing director Mark…
DetailsUnder the program the Fed can buy any bonds issued by a company that held an investment grade credit rating even one only a notch above junk status on March 22, when the program was announced. Effectively that means the Fed can buy bonds in the so-called fallen angels, or companies whose bonds have been…
DetailsMen who have accessed their superannuation early during the coronavirus crisis have increased their spending on gambling by almost twice as much as women, new data shows. Women spent nearly one-fifth more than men on food and clothing, and 25 per cent extra on utility bills. They also spent twice as much as men on…
DetailsCareys to restructure as pandemic hits turnover – New Civil Engineer 16 Jun, 2020 By Catherine Kennedy Carey Group is to begin restructuring its business to cut costs and staff, with turnover falling as a result of theCovid-19 pandemic. You have read 1 of 1 free-access articles allowed for 30 – days. For further access…
DetailsAustralian designer fashion retailer has fallen into financial hardship, forcing the company to go into voluntary administration. The Sydney-based retailer is working with experts from consulting firmMcGrathNicol to get the company back on track, said Tuchuzy founder Daria Sakic. She founded the retailer in 1995, and under her wings the company grew into one of…
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