Legacy issues, business overhaul plague E&P results
Legacy issues and ongoing structural changes continue to plague E&P Financial Group as it looks for better performance under the new chief executive in FY2024.
Source: financialstandard.com.au
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Pay Now, Argue Later—Even if the Contractor is Going Bust: The NSW Security of Payment Regime and Distressed Contractors | Jones Day
In Short - The Situation: Security of payment ("SOP") legislation across Australia provides a "pay now, argue later" regime for payment claims by contractors in the constr...
Source: jdsupra.com
How NSW test case adds up for builders about to pull the pin
Construction companies can now be more confident that appointing an administrator will lead to a successful outcome. The construction industry traditionally faces the most cashflow pressure and resul
Source: accountantsdaily.com.au
Virgin administrators' approach upheld in world-first decision on key provision of international aviation convention - Knowledge
The High Court today gave the first decision, globally, of a Court of ultimate appeal on the question of the construction of Article XI(2) of the Cape Town Convention's protocol on Matters Specific to Aircraft Equipment (Aircraft Protocol), which is of seminal importance for financiers and lessors of aircraft property, insolvency administrators globally.
Source: claytonutz.com
More businesses collapse in March
More businesses collapse in March The latest lockdown could push some firms over the edge as dwindling cashflow exacerbated their already weak financial position. Business by Glen Norris Premium Content Subscriber only The latest Brisbane lockdown could push more firms over the edge as dwindling cashflows, particularly in the hospitality sector, exacerbated their already weak financial position. A total of 44 Queensland firms entered either liquidation or administration in March, a 22 per cent increase on the 36 insolvencies in February, amid the en...
Source: warwickdailynews.com.au