ONE Nation WA Senator Peter Georgiou has continued to try to pressure the federal Coalition government into holding a Royal Commission into the banking sector to examine issues concerning the farm sector. Senator Georgiou ventilated his concerns about the treatment of farmers during foreclosure proceedings in Senate question time today. His attack came as Nationals…
DetailsUnified communications vendor Avaya will this week enter a pivotal hearing to determine whether or not it can exit Chapter 11 bankruptcy protection. A hearing will commence in the US Bankruptcy Court on 28 November, after which Avaya hopes to emerge from Chapter 11 as a public company with a refreshed board of directors. The question…
DetailsHogan Lovells has picked a new managing partner in Australia. The firm named Scott Harris to the senior role, succeeding Nicky Lester and Tim Lester on 1 January. The duo had been expanding the global firms operations in the country for the past two and a half years. This falls in line with the firms…
DetailsNo other Australian womenswear label spun lace into delicate bridal gowns and cocktail dresses quite like Lover. Nic Briand and Susien Chong started the label in 2012 and opened a flagship store in The Strand Arcade in Sydney not long after. The label expanded quickly Lovers intricate lace halter-neck-style dresses were a hit and a…
DetailsIn spite of the weak ramp-up in revenue, Siemens India posted a decent 120 basis points (bps) rise in operating margins. The September quarter (Q4) performance for Siemens Ltd fell slightly short of the Streets expectations. Only the 10% growth in new orders and consequent 24% rise in order book when compared to a year…
DetailsA mortgage aggregation business has confirmed earlier today that broker commissions, including trail payments made by lenders, will not be impacted by the appointment of voluntary administrators. Award-winning aggregator eChoice confirmed that Geoffrey Reidy and Andrew Barnden of Rodgers Reidy have been appointed as voluntary administrators of eChoice Limited and 13 subsidiary companies, pursuant to Section…
DetailsAustralian fashion label and purveyors of delicate lace Lover has gone into voluntary administration. Administrators from business management firm Ferrier Hodgson were appointed last Thursday 23rd November, and have called for buyers expressions of interest. Morgan Kelly, who along with Ryan Eagle has been appointed to manage the company, said via a media release that…
DetailsThe ex-Allens power duo Nicky and Tim Lester who have spent the past two and a half years growing the Australian footprint of global law firm Hogan Lovells will step down from their co-managing partner roles to return to the tools. Former DLA Piper restructuring lawyer Scott Harris will take over the local managing partner…
DetailsMumbai: A senior member of the committee on bankruptcy law and one of its architects has voiced his criticism of the Ordinance that bars ousted promoters of an insolvent company from regaining control. The Ordinance is obsessed with large borrowers, can adversely affect the fortunes of struggling small and mid-sized companies looking for a second…
DetailsMeredith Corp., the publisher of Better Homes and Gardens, Shape and many other magazines targeted largely at women, is buying Time Inc., the publisher of Time, Sports Illustrated and Fortune, in a $2.8 billion all-cash deal, both companies said Sunday. Meredith, based in Des Moines, Iowa, said the deal was being backed by conservative billionaire…
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