A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
Collapsed Sydney developer Dyldam has told a court that a liquidator’s claim for breach of directors’ duties is “hopeless” as the company was under a deed of company arrangement at the relevant time.
The Star is on the brink of collapse again after a potential $940 million refinancing deal with Salter Brothers fell through, with the embattled casino operator continuing to mull an offer by US casino operator Balley.
Venture capital fund EVP has secured a $10.4 million freezing order against pharmacy software start-up StrongRoom AI, after the company went into administration last week.
The workplace regulator should start a national probe into sexual harassment and the treatment of young workers in the construction industry, according to a forum convened by the employment minister.
Clothing brand Jeanswest will close more than 90 stores across the country after being placed in voluntary administration for the second time in five years.
Perth-based boutique builder Ultimo has entered liquidation, the latest construction company to go under as the industry faces rising costs and labour shortages.
Another fight over an $87 million mixed-use Canberra development may be on the cards, after the project’s liquidators won approval to assign potential claims against WSP and builder Construction Control over alleged stitch bolt defects.
Star has extended the exclusivity period for a potential $940 million refinancing deal with Salter Brothers as the struggling casino operator races to head off insolvency.
Former directors of collapsed Sydney developer Dyldam have been targeted by a liquidator over claims allegedly worth at least $33 million.