Perth-based Incremental Petroleum has recommended shareholders reject an $84 million takeover bid by Texan firm TransAtlantic, citing the current low oil price as one reason to rebuff the offer.
Fortescue Metals Group has dismissed the value of over $190 million of legal claims over the suspension of its shipping contracts as "ambit claims", as it reveals that over $2 million of its funds have been frozen in the United States.
Perth-based Phosphate Australia has emerged as the best performing initial public offer for 2008, as the number of company listings in Western Australia more than halve as the financial crisis bites.
NEXT year may be the year of the insolvency practitioner but the sector was certainly gearing up for business in 2008 as the older hands of the sector recognised the signs of a stumbling bull market.
Fortescue Metals Group says it is reviewing the legal status of its shipping contracts as it reveals today that disputes have arisen from a decision to suspend two-thirds of its long-term ship charter contracts.
NAME any prominent not-for-profit organisation and it's likely some of the state's top law firms have offered them dozens of hours of service for free.
Corporate lawyer Stephen Power has established a new law firm less than three weeks after Sydney-based Middletons moved into Perth by merging with his old firm Salter Power and with Franklyn Legal.
AN alarmingly high number of Western Australian businesses are currently operating without a succession plan in place, and with the baby-boomer generation on the verge of retirement, many enterprises could be at risk.
The federal government's Equal Opportunity for Women in the Workplace Agency (EOWA) has recognised professional services firm, Deloitte as Australia's Leading Organisation for the Advancement of Women (500+ employees).
THE growing number of mass participation events in Perth has provided fertile ground for benevolent institutions looking for more creative means to raise funds and deliver their message of goodwill.
Cooper Energy is today urging Incremental Petroleum shareholders to accept its takeover offer as the corporate watchdog says it will not apply on Cooper's behalf for an extension of the bid.
Incremental Petroleum says its second suitor TransAtlantic could still alter its bid as another independent report lowers the value of the takeover target's shares.
The takeover tussle for Incremental Petroleum Ltd could be extended after the corporate watchdog asked bidder Cooper Energy Ltd to extend its deadline that it thought was final.
SETTLING in to one of the toughest portfolios in government, Christian Porter knows that the role of the attorney-general is as much about law as it is spinning the political wheel.
ACCOUNTING firm PPB’s convoluted history in Perth took another turn last week when advisory practitioner Jeff Herbert rejoined the company as a partner after operating his own consultancy for two year
AUSTRALIA is safeguarded from the worst of the global financial markets because of the strength of the nation's big four banks, according to KPMG partner Kevin Smout.
The corporate watchdog has started legal proceedings against accounting firm KPMG over its role in the collapsed Westpoint Group, where alleged negligent auditing claims are in the order of $200 million.
Perth-based Incremental Petroleum Ltd today dismissed suggestions by Cooper Energy Ltd that it has insufficient cash to fund its growth strategy as "scare mongering".
Perth-based agricultural investment manager Great Southern Ltd has unveiled its revised restructure plans after a falling share price forced it to go back to the drawing board.
South-Perth based Cooper Energy Ltd chairman Laurie Shervington today said KPMG's valuation of its hostile takeover target Incremental Petroleum Ltd was out with the fairies.
THE market capitalisation of Western Australian listed companies crashed to a 20-month low during September, falling 21 per cent to $127 billion, according to the Deloitte WA Index.
CREDITORS will be hoping for higher returns from the collapsed Palandri Wine Group as the company is placed into liquidation and the probe into some of the group's transactions continues.
Creditors of the collapsed Palandri Wine Group have today voted overwhelmingly in favour of placing the company into liquidation, but a return figure has yet to be determined as suspect transactions warrant further investigation.
The market capitalisation of Western Australian listed companies have crashed to a 20-month low over September, falling 21 per cent to $127 billion, according to the Deloitte WA Index.
PERTH'S insolvency world is undergoing a restructuring of its own ahead of an expected rush of new business in the wake of the credit crunch and global banking crisis.
Despite the volatility in the wider market, the Deloitte index of Western Australian stocks rose by nearly six per cent over the past 12 months, compared to the All Ordinaries index which declined by over 16 per cent.
Lawyers representing the voluntary administrators of the Palandri group of companies are scheduled to appear in the Supreme Court of Western Australia on Monday in an attempt to have the group's managed investment schemes wound up.
