Latest Insolvency News

Cyber security incidents could cost Aussie businesses $29B per year – ARNnet - June 26, 2018

ARNnet Cyber security incidents could cost Aussie businesses $29B per year ARNnet "The fact that two-thirds of Australian organisations are putting off digital transformation efforts is concerning, when you consider that digital transformation is expected to contribute $45 billion to Australia'.

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The section 133(9) shakedown: how the law fails to protect caveators in cases of onerous covenants – Lexology - June 26, 2018

The section 133(9) shakedown: how the law fails to protect caveators in cases of onerous covenants Lexology Section 133(9) of the Act allows an interested party to file an application with the Federal Court of Australia seeking orders that vests the real property of a bankrupt in them, to allow for .

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Cremorne Gardens in Melbourne was Australia’s first amusement park — but it didn’t end well – Herald Sun - June 26, 2018

Herald Sun Cremorne Gardens in Melbourne was Australia's first amusement park — but it didn't end well Herald Sun Behind a bluestone wall, Ellis went to work building Australia's first amusement park. He constructed a theatre, the Pantheon, on the site. It could take ... By the end .

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Cyber security could cost Aussie businesses $29B per year – ARNnet - June 26, 2018

ARNnet Cyber security could cost Aussie businesses $29B per year ARNnet "The fact that two-thirds of Australian organisations are putting off digital transformation efforts is concerning, when you consider that digital transformation is expected to contribute $45 billion to Australia's economy .

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Global banks may be adopting a ‘window dressing’ technique used by Lehman Brothers before it went bankrupt – Business Insider Australia - June 26, 2018

Business Insider Australia Global banks may be adopting a 'window dressing' technique used by Lehman Brothers before it went bankrupt Business Insider Australia A report by the Bank for International Settlements shows banks are exploiting loopholes to adhere to stricter leverage ratios . T.

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Building failures hit WA for up to $654m – The West Australian - June 25, 2018

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.

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