Growth in Perth's younger adult population last year bodes well for the city's economic growth in the year ahead, according to recent analysis from KPMG.
Realtek has filed a motion in the Federal Court to recover a $2.5 million loan from a Perth hearing tech company once celebrated by Time Magazine, but now in administration.
The liquidators of Brierty have been given the all-clear to pursue $8.7 million in alleged preferential payments made before the contractor's 2017 collapse.
When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.
Avid businesses may have been insolvent as early as November 2019, administrators believe, with underquoted tenders and a Decmil dispute contributing to the demise.
The man at the centre of a $126 million alleged betting scandal has been placed in bankruptcy by the Federal Court, forced to represent himself amid what he described as a “media frenzy”.
The liquidators of Brierty have launched Supreme Court action to recover millions of dollars from 12 companies they claim received payments while the civil and mining contractor was insolvent.
KPMG has selected its global head of mining Trevor Hart to chair its WA practice, with Matthew Woods stepping down from the role after just over two years.
As editor of Business News, I'm delighted to introduce a new feature that highlights the best of Western Australia. Great for the State is a 12-page lift-out that will be published each month over the course of 2019.
Perth-based Matthew Woods will be the joint leader of KPMG's greatly expanded insolvency practice after the 'Big 4' accounting firm finalised a deal to acquire Ferrier Hodgson. The merged entity will have 27 partners nationally and be the largest practice in WA.
King & Wood Mallesons Partner Nathan Collins, who was involved in the debt restructuring of troubled uranium miner Paladin Energy, says the deal, which left existing shareholders with a 2 per cent stake, was the only real option for the company.
ASX-listed AnaeCo has gone into administration after Monadelphous Group terminated an $11.5 million contract with the waste technology company and a Chinese enterprise.
Shareholders in uranium miner Paladin Energy will end up owning just 2 per cent of the company under a recapitalisation plan that will include a major debt for equity swap and a $US115 million high yield secured note raising.
Troubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work.
The restructuring of Paladin Energy has taken a surprise turn after Chinese group CNNC Overseas Uranium Holdings advised it would not exercise an option to buy the Langer Heinrich uranium mine.
Uranium miner Paladin Energy, which at its peak was one of WA's most valuable companies, has lost its battle to stay afloat after creditor Electricite de France demanded repayment of a $US277 million ($A370 million) debt.
The Federal Court has granted the corporate watchdog's request to wind-up Pilbara-based property developer Macro Group, appointing representatives of KPMG as liquidators today.
The corporate regulator has asked the Federal Court to appoint representatives of KPMG as liquidators of several subsidiaries of Pilbara-based property developer Macro Group.
Chile-focused gold miner Lachlan Star has been placed into administration after it was unable to complete negotiations for the sale of its major subsidiary.
