Australia and New Zealand

http://www.nbr.co.nz/article/greymouth-petroleum-shucks-disaffected-shareholder-wb-140613 Greymouth Petroleum shucks off disaffected shareholder Pattrick Smellie | Friday May 24, 2013 Minnow oil and gas player Greymouth Petroleum is preparing to welcome a new 14 percent shareholder on its share register after winning a High Court action brought by the company’s former chief operating officer, John Sturgess. Mr Sturgess was effectively ….”

http://www.crikey.com.au/2013/05/24/whos-afraid-of-fords-closure-it-was-logical-and-no-bad-thing/ Who’s afraid of Ford’s closure? It was logical and no bad thing Glenn Dyer and Bernard Keane | May 24, 2013 In the context of its struggling global operations, Ford’s decision to shut up shop in Australia is logical. And recent economic history tells us it will have few repercussions, say Glenn Dyer and… Continue Reading

http://www.lexology.com/library/detail.aspx?g=cbffc2c1-d0e1-4695-8304-51b2cbf86978&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-24&utm_term= Court of Appeal takes different position on the “good faith” defence to voidable transactions May 21 2013 A recent decision of the Court of Appeal (Farrell v Fences & Kerbs Limited [2013] NZCA 91) will make it very difficult for creditors to successfully raise the good faith defence under section 296(3) of the Companies… Continue Reading

http://www.vision6.com.au/download/files/27634/1633019/Quantifying%20Benefit%20in%20Unreasonable%20Director%20Related%20Transaction.pdf#page=1 Quantifying Benefit in Unreasonable Director Related Transactions 24 MAY 2013 The decision of Fielding as Liquidator of Lyngray Developments Pty Ltd (In Liquidation) v Dushas & Anor [2013] QCA55, overturned a Judgment at first instance where it was held that various payments made by a company to a close associate of a director of… Continue Reading

TMA Australia event – Lessons Learnt in an Operational Turnaround 24 MAY 2013 Lessons learnt in an Operational Turnaround Anchorage Capital’s Burger King NZ Turnaround Anchorage Capital’s founding partners, Phil Cave and Daniel Wong will discuss their ‘back to basics’ tunaround blueprint for Burger King NZ. Tuesday evening, 18 June 13host & venue Minter Ellison,… Continue Reading

http://www.canberratimes.com.au/business/subsidies-cant-save-local-cars-20130523-2k3ln.html Subsidies can’t save local cars Glenda Kwek | May 23, 2013 About $10 billion over seven years. That’s how much has been pumped into the car industry by federal and state governments. But has it been a case of throwing good money after bad, especially after Ford….”

http://www.canberratimes.com.au/business/subsidies-kept-wobbling-wheels-rolling-20130523-2k44v.html Subsidies kept wobbling wheels rolling Glenda Kwek | May 24, 2013 About $10 billion over seven years. That’s how much has been pumped into the motor industry by federal and state governments. Now that Ford is closing local manufacturing in 2016, some analysts say it has been throwing good money after….”

http://www.canberratimes.com.au/business/households-nervous-as-jobs-go-en-masse-20130523-2k44s.html Households nervous as jobs go en masse May 24, 2013 | Clancy Yeates Thousands of workers were told they would lose their jobs on Thursday amid growing signs the labour market is deteriorating. As Ford said it would cut 1200 jobs as part of its move to stop making cars in Australia, the entire… Continue Reading

https://jade.barnet.com.au/Jade.html#article=295612 FEDERAL COURT OF AUSTRALIA Allied Express Transport Pty Limited v Exalt Group Pty Ltd (Administrator Appointed), in the matter of Exalt Group Pty Ltd (Administrator Appointed) (No 2) [2013] FCA 477 Citation:Allied Express Transport Pty Limited v Exalt Group Pty Ltd (Administrator Appointed), in the matter of Exalt Group Pty Ltd (Administrator Appointed) (No… Continue Reading

Insolvency practitioners lose registrations Media release 24 May 2013 Insolvency practitioners lose registrations In the past six months, Insolvency and Trustee Service Australia (ITSA) has terminated or negotiated the resignation of four insolvency practitioner registrations. Chief Executive of Insolvency and Trustee Service Australia, Veronique Ingram said the outcome is the result of its investigations. “Intelligence… Continue Reading