News Articles for John Bumbak

Nicheliving directors' bid to regain control in limbo

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Nicheliving's directors' bid to regain full control of the entities is in limbo after they missed a deadline to sell their Northbridge office - a crucial condition of their buy-back plan.

Insolvency experts see stressors spread

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As market pressures persist in the heated construction sector, insolvency experts are seeing trouble spread to mining services.

Scaffidi’s company costs row settles

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The Supreme Court has settled a dispute relating to administration costs over the property company owned by former City of Perth Lord Mayor Lisa Scaffidi and her husband.

Openn exits external administration

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Claremont-based proptech Openn Negotiation have exited external administration and returned to the hands of directors.

Bidders circle Nicheliving assets

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Suitors have entered the data room for more than a dozen property developments of embattled builder Nicheliving, as administrators look to sell-off assets.

Waste-to-energy plant owes $740m

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Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.

Nicheliving building arm in administration

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KordaMentha administrators have taken control of Nicheliving's construction division, less than a month after the company's directors agreed to a decade-long ban on building homes.

Rockingham waste-to-energy plant in administration

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The East Rockingham Waste to Energy plant has been handed over to administrators and receivers with an eye to sell the nearly completed project, which remains embroiled in a legal dispute.

Board moves July 1, 2024

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Today's board moves wrap includes Lonny Tetley, Natalia Streltsova, Phil McKeiver, Peter Smith, Wang Xiao Bin, Anne Templeman-Jones, Alison Kitchen, Kim Gillis, David Crook, Peter Spitalny, David Wheeler, Paul Williams, Brett Mitchell, Peter Woods, Steven Wood, Charles Nesbitt, Alex Passmore, Jason Maconald, Xavier Braud, Trevor Bradley, David Ransom, Ralph Winter, Bryce Gould, Richard Tucker, John Bumbak, Bilal Ahmad, Joshua Gordon, Robert Beeck, Ben Stockdale, Troy Collie, Laura Tyler, Shannon Coats, Natalie Teo, Stephen Strubel and Cameron Wilson

New deal for Aerison Group

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Aerison Group creditors will have an urgent meeting to discuss a bid from APCINFRA after a proposed arrangement with Pacific Industrial Company fell through.

Dispute sends Aerison Group into administration

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ASX-listed Perth contractor Aerison Group has called in administrators just over a month after failing to settle a $47 million dispute with iron ore miner Roy Hill Holdings.

Pilbara moves on Altura deal

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Pilbara Minerals has launched a $240 million equity raising to fund its acquisition of Altura Mining's Pilgangoora lithium project.

Altura Mining in receivership

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Perth-based lithium producer Altura Mining has been placed in receivership after the ASX-listed company was unable to refinance its debt, placing 100 jobs at risk.

Pindan scores legal win

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One of WA's largest construction groups has avoided a dispute over allegedly defective building work after arguing the work was undertaken by an entity in liquidation.

Roy Hill contractor into administration

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The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.

Hope on the horizon for Alita

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The Supreme Court of Western Australia has agreed to delay a creditors meeting of Alita Resources, as its administrators assess more than 11 proposals that could revive the fallen lithium miner.

Lithium miner Alita collapses

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Alita Resources has entered administration just two days after its biggest shareholder, Galaxy Resources, struck a deal to buy the company's $42 million in secured debt.

Links course playing out of the rough

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The operator of Links Kennedy Bay, which claims to have been named one of the top five public access golf courses in Australia, has gone into liquidation with a large tax debt.

Chocolate cafe into liquidation

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The Perth-based Guylian Belgian Chocolate Cafe franchise has been placed into liquidation, just over a year after the business opened on St Georges Terrace.

Quintis placed into administration

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The directors of Quintis have shed light on two restructuring proposals they had been trying to finalise, after announcing on Sunday they had placed the sandalwood producer in administration because of its inability to make a $37 million payment due in two weeks.

Stargroup goes into receivership

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ATM operator Stargroup has been placed in the hands of insolvency firm KordaMentha after the loss-making company was unable to complete a restructure of its $9.1 million debt.

Vessel operator falls into administration

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The administrators of troubled oil and gas services provider Go Marine Group say they are confident they can recapitalise the business.

Stonam joins Pilbara casualties

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A Karratha-focused property developer that was jointly established by Boom Logistics director Terence (Jack) Hebiton has been placed into voluntary administration.

Rockwell Olivier follows ILH into administration

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Perth law firm Rockwell Olivier has been placed in the hands of administrators, after its sole director concluded the business was insolvent.

Watpac to resume at Cockatoo

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Watpac Civil & Mining says it will resume limited works at Pluton Resources' Cockatoo Island iron ore project following discussions with the troubled miner's receivers, KordaMentha.

KordaMentha appointed as Pluton receiver

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Pluton Resources says its major shareholder General Nice Resources has appointed KordaMentha as the company's receivers, after secured creditor Rizhao Port Group Logistics yesterday tried to appoint representatives from FTI Consulting to the same role.

Promotions at KordaMentha

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Insolvency firm KordaMentha has promoted John Bumbak to partner, restructuring, and Jared Palandri to director, restructuring.Jarrod Baker has been made executive director, forensic.