ASIC bans 3 directors for total of 12 failed companies, $10.6m debt
The unrelated directors wound up owing unsecured creditors $8.7 million and the ATO a further $1.9 million.
Source: accountantsdaily.com.au
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ASIC disqualifies director from managing companies for three years
Yuhui Weng of Sydney, NSW, has been disqualified from managing companies for three years. Mr Weng was disqualified for his role in the failure of two...
Source: miragenews.com
Popular dumpling chains Din Tai Fung and Lotus collapse after 'wage theft' scandal and Covid crisis
A popular restaurant chain in Australia has been forced to close an inner-city store in the wake of the Covid pandemic.
Source: dailymail.co.uk