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Showing 61 - 70 of 85 results for "Voluntary Administration"

ACR files claim against The Trust Company

LAURA MILLAN  |  WEDNESDAY, 29 MAY 2013
... against The Trust Company (Nominees), a wholly owned subsidiary of The Trust Company. ACR entered on voluntary administration on May 27, 2007, and The Trust Company had been its trustee since it foundation, in 2000. "The Trust Company considers this ...

ASIC suspends licence of LM Investment

LAURA MILLAN  |  WEDNESDAY, 10 APR 2013
... financial services licence (AFSL) of LM Investment Management Limited for two years following the company's voluntary administration. The AFSL suspension allows administrators FTI Consulting to transfer to a new responsible entity, investigating or preserving ...

Lazard faces losses on Hastie collapse

MELANIE TIMBRELL  |  TUESDAY, 29 MAY 2012
... among the Hastie Group creditors facing potential losses, after the engineering firm yesterday entered voluntary administration and operations were suspended. Lazard invested in the firm last year as part of a $160 million recapitalisation effort, paying ...

Australian Capital Reserve directors sentenced

CLAIRE MCGREAL  |  FRIDAY, 9 MAR 2012
... Estate Property Group Limited (EPG) (formerly CIC) and its 21 subsidiaries, including ACR, went into voluntary administration on 28 May 2007. ACR was the fund-raising arm of the group, raising funds through a series of nine prospectuses offering unsecured ...

Australian Capital Reserve directors plead guilty

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
... in a form lodged with ASIC. Estate Property Group, along with ACR and 20 other subsidiaries, went into voluntary administration in May 2007. ACR lent $332 million of noteholders funds to EPG's subsidiaries to purchase and develop properties. Unsecured ...

Timbercorp trio face the music

ALISON BEVEGE  |  MONDAY, 23 MAY 2011
... conduct and other violations of the Corporations Act following the collapse of the company which went into voluntary administration in 2009 with a net debt of more than $900 million. Sol Rabinowicz, Robert Hance and Gary Liddell were all named in the ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
... and Timbercorp. Matters were made worse when ASX-listed Forest Enterprises Australia Limited entered voluntary administration last month. The Australian Securities & Investments Commission released a consultation paper last month aimed to improving disclosure ...

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
... of redeemable preference shares to retail investors. On 10 July 2005 Whet Investments was placed into voluntary administration by its directors. A Deed of Company Arrangement was executed on 21 October 2005. Gordon was declared an undischarged bankrupt ...

Mahogany enters voluntary administration

COMPANY RELEASE  |  WEDNESDAY, 16 DEC 2009
... Special Financing by the UK Court of Appeal on 6 November. Mahogany claims it had "no choice but to enter voluntary administration in order to avoid insolvency in 2010". PPB has advised that it will be investigating the removal of monies from Mahogany's ...

Chartwell execs face criminal charges

ASIC RELEASE  |  WEDNESDAY, 12 AUG 2009
... count of obtaining property by deception - offences that cost $140,000 to investors. Chartwell entered voluntary administration in April 2008 and was placed into liquidation by creditors on 22 April 2008 allegedly owing investors in excess of $60 million. ...