by PSC Trade Credit Risk | Nov 21, 2019 | Blog
The Victorian Government has proposed tough laws that will act on deterring illegal “phoenix activity” – where construction firms declare bankruptcy as a way out of trouble before restarting as a new entity and continuing to trade. Expanded powers will be given to the...
by PSC Trade Credit Risk | Aug 1, 2019 | Blog
One of Sydney’s largest property developers, Ralan Group, has entered into voluntary administration, leaving billions of dollars worth of apartment projects in doubt and around $500 million owing to creditors. Administrators Grant Thornton said they would...
by PSC Trade Credit Risk | Jul 30, 2019 | Blog
In relation to builders who closed their doors to avoid cladding-related claims, Premier Daniel Andrews has stated that legislative changes would take time and that changes in anti-phoenixing laws were up to the federal government. State legislative changes would...
by PSC Trade Credit Risk | Jan 31, 2019 | Blog
Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk . Company directors had been trying to find a buyer for months, but Administrators will now consider restructuring or pursuing the sale...
by PSC Trade Credit Risk | Jan 24, 2019 | Blog
Several industries are expected to boom this year, according to industry analyst forecasts, while others could see revenues fall by as much as one-quarter. IBISWorld has released a list of the industries predicted to rise and fall over the next 12 months and below is...
