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Building failures hit WA for up to $654m
The West Australian
The construction industry has the highest rate of insolvency of any industry segment in Australia. In WA, several high-profile insolvencies have highlighted the difficulties faced by subcontractors when a head or lead contractor becomes in.
Former tennis champion Becker says diplomatic passport is real
Becker was declared bankrupt by a British court in 2017 in connection with a debt to private bankers Arbuthnot Latham & Co. He has recently been pursued for "further assets", according to a statement.
Australia's Toys R Us stores to close down
Toys R Us in the US first sought bankruptcy protection in September last year, but by May it announced it would close or sell its 885 stores after failing to find a buyer for the business. The firm's chief executive, Dave Brandon.
Rumour: AT&T to acquire AppNexus
There are unconfirmed rumours AT&T is in talks to acquire private digital advertising platform, AppNexus. According to Cheddar, CNBC, and The Wall Street Journal, the deal is in final talks, although the price cannot be confirmed. However, Forbes also.
APN ups Adshel bid to $540m as OOH bidding war escalates
The bidding war across Australia's out-of-home supplier market continues, with APN Outdoor Group today upping its bid for rival player, Adshel, to $540 million. Just a day after JCDecaux lodged a $1.09 billion bid for APN dependen.
Australia: Liquidators recover unfair preference payments from retention of title secured creditor
Mondaq News Alerts
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