Where’s the real fiend?

In something I was reading recently it posed firstly some facts and then a question that has actually haunted me since I read them. Sometimes little things can get in there and just eat away. The important thing with such information is its relevance, its authority and its reasonableness. Why are such things meaningful, well … Continued

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Company Six – National Landscaping Business

OVERVIEW ADMINISTRATION – TRADE ON – CASH FLOW MANAGEMENT – RISK MANAGEMENT – CREDITOR RELATIONSHIPS – COMMERCIAL DECISIONS – TRADE OUT OPTION – LIQUIDATION – SALE OF BUSINESS – ASSET REALISATION MANAGEMENT – DISTRIBUTION Company Six operated a Landscaping and Ecological Restoration business for approximately 12 years prior to it running into financial difficulty ultimately … Continued

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Company Three – Indoor Sports Centre

OVERVIEW REPLACEMENT ADMINISTRATORS – TRADING ON – SHAREHOLDER DISPUTES – BUSINESS VALUATION – KEY ASSET IDENTIFICATION – LIQUIDATION – LOAN ACCOUNT RECONCILIATION Company Three operated as an Indoor Sports Centre for approximately eight years prior to the appointment of the original Administrators. Some five years earlier a new Director and shareholder had been appointed to … Continued

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Liquidator’s additional remuneration approved by Court

The New South Wales Supreme Court provides directions under Section 511 of the Corporations Act for increasing a Liquidator’s previously approved remuneration. A recent Case of Westnet WA Infrastructure Holdings Limited(2015) deals with an unusual situation where a Liquidator in a Members’ Voluntary Liquidation involving ten related companies applies for directions under Section 511 of … Continued

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Mate, it’s automatic!!

One thing that can be relied upon in the business advisory field these days is that you will always be told that “you should be working ON your business not IN your business.” In this day and age this is certainly sage advice, as being buried in the weeds not being able to see the … Continued

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Court of Appeal backs Liquidator looking behind regulations

In the ongoing battle of the Environment Protection Authority (“EPA”) v Orchard Holdings (NSW) Pty Limited (In Liquidation), the Supreme Court of New South Wales Court of Appeal (“Court of Appeal”) in essence determined that Legislative Regulations cannot go beyond what the power that are conveyed in their relevant Act permits. Initially, the EPA sought … Continued

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