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Insolvency Stories - Page 4

Kiwi Stories

Insolvency stories

Downfall of Arrow reflects high risk of construction
Supply Chain

Downfall of Arrow reflects high risk of construction

Contractors and subcontractors face fresh losses as Arrow’s collapse highlights mounting pressure and disputes over risk in New Zealand building work.

By Staff Writer • 2 min read • Thu, 28th Feb 2019
Visiting cybercrime expert says the deep web can benefit NZ businesses
Fintech

Visiting cybercrime expert says the deep web can benefit NZ businesses

Believe it or not, the deep web can actually benefit New Zealand businesses, according to visiting cybercrime expert Dr Stephen Hill.

By Sara Barker • 2 min read • Wed, 3rd May 2017
Quantity surveyors lead joint payments move
Supply Chain

Quantity surveyors lead joint payments move

Builders and subcontractors gain trust protection under the new retention regime, as industry groups issue guidance to clarify compliance.

By Staff Writer • 3 min read • Wed, 19th Apr 2017
Employee claims he's owed $100,000 by Kiwi tech company in liquidation
Payment Technologies

Employee claims he's owed $100,000 by Kiwi tech company in liquidation

If you were owed $100k from your company, you'd feel pretty aggrieved wouldn't you? Ex-employee, Lawrence Sami certainly feels that way.

By Ashton Young • 2 min read • Fri, 16th Sep 2016
NZTG cleans up 'unfortunate situation' through deal with RS Comms
Mergers and Acquisitions

NZTG cleans up 'unfortunate situation' through deal with RS Comms

New Zealand Technology Group teams up with RS Comms to provide telecoms services to small and medium-sized businesses.

By Shannon Williams • 2 min read • Tue, 2nd Feb 2016
Blue Chip's Bryers accused of muddying Talos role
Insolvency

Blue Chip's Bryers accused of muddying Talos role

Former Blue Chip boss Mark Bryers was accused of contriving to present himself as a consultant to Talos Accounting Group, when he was actually running.

By Pattrick Smellie • 3 min read • Tue, 3rd Mar 2015
Up to 70 Shanton Fashions staff to lose their jobs in restructure prior to sale
Shanton Fashions

Up to 70 Shanton Fashions staff to lose their jobs in restructure prior to sale

Up to 70 staff, just under half of those working for Shanton Fashions, are losing their jobs as 17 stores close under a restructuring process before.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
iData Kiwi debts top $2 million
Idata

iData Kiwi debts top $2 million

iData Resolutions, which crashed into liquidation last month, has debts of more than $2 million for the New Zealand operation according to the liquida.

By Heather Wright • 2 min read • Tue, 10th Feb 2015

Global Stories

Insolvency stories

eCommerce requires beefed up cybersecurity to function well
Marketing Technologies

eCommerce requires beefed up cybersecurity to function well

In an increasingly interconnected world, online shopping and electronic transactions have now transcended its innovation status.

By Samantha Cruz • 5 min read • Tue, 20th Feb 2018
The disruptive force of blockchain and how it will shake up business as we know it
Blockchain

The disruptive force of blockchain and how it will shake up business as we know it

Blockchain technology is set to disrupt every aspect of business, from tax to governance, according to RSM Australia.

By Sara Barker • 3 min read • Mon, 10th Jul 2017
Australian businesses: Prepare for an economic slowdown
Data Analytics

Australian businesses: Prepare for an economic slowdown

Business risks are expected to increase in 2016. At the same time, it is unlikely there will be any improvement in the coming year.

By Catherine Knowles • 2 min read • Wed, 24th Feb 2016
Optimizer HQ subsidiaries' debts likely to top $11 million
Fintech

Optimizer HQ subsidiaries' debts likely to top $11 million

Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.

By Heather Wright • 3 min read • Fri, 18th Dec 2015
Mako Networks sold to US provider
Physical Security

Mako Networks sold to US provider

United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company's receivers.

By Heather Wright • 3 min read • Wed, 7th Oct 2015
Spark calls in receivers for Mako Networks
Physical Security

Spark calls in receivers for Mako Networks

Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.

By Heather Wright • 2 min read • Tue, 25th Aug 2015
Pos Pos hits the wall in AUS, NZ impact unclear
POSPOS NZ

Pos Pos hits the wall in AUS, NZ impact unclear

Mecari Pty, once Pos Pos, hits receivership in Oz; NZ arm's destiny hangs in balance as clarity eludes stakeholders.

By Staff Writer • 2 min read • Fri, 23rd Jan 2015
Vector chairman strengthens Plan-b board
Vector

Vector chairman strengthens Plan-b board

Michael Stiassny has been appointed to the board of Plan-b, New Zealand's only end-to-end business continuity provider.

By Staff Writer • 1 min read • Wed, 17th Oct 2012
Maclean creditors unlikely to be paid
Payment Technologies

Maclean creditors unlikely to be paid

Liquidators insist staff will be paid but funds for suppliers, vendors and partners are unlikely to be recovered.

By Staff Writer • 1 min read • Thu, 16th Aug 2012

Stories from Other Regions

Insolvency stories