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.
A Perth hearing tech company once touted by Time Magazine has fallen into administration after failing to nail down a deal with a major foreign semiconductor company.
Receivers have been appointed to Salt Lake Potash after the embattled business was unable to repay creditors and raise further funds needed for its Lake Way project in the Goldfields.
Nearly 160 of EC&M's 400 employees will be back at work in September, with administrators progressing deals with major clients since the business hit the wall last week.
Ferrier Hodgson has launched a quickfire sale of Rental Management Australia, one of 12 businesses associated with fund manager Sterling First that went into administration earlier this month.
Perth entrepreneur Craig Mitchell and property funds manager Angelo Del Borrello are facing off over the future of four large roadhouses in northern WA, with the outcome having a big bearing on investors who pumped $22.5 million into four related property trusts.
The long-running saga of the Windimurra vanadium project has taken a new turn, with listed company Atlantic pitching a low-ball offer to buy the $560 million development from one of its own subsidiaries.
The liquidators of failed engineering contractor Forge Group have gained financial backing to pursue a claim worth about $200 million against Forge's former major shareholder.
Struggling miner Mirabela Nickel has been placed in the hands of administrators, 15 months after the company completed an innovative restructuring to emerge from its first stint in administration.
Subiaco-based gold company Indochine Mining has fallen into the hands of administrators after it failed to attract a party willing to fund its Mt Kare project in Papua New Guinea.
West Perth-based Red Fork Energy, which has raised $125 million from investors over the past three years to support its shale drilling program in the US, has collapsed after losing the support of its major lender.
An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.
Litigation funder Bentham IMF has recruited Ferrier Hodgson partner Andrew Saker as its new managing director, to replace company founder Hugh McLernon.
Forge Group employees could be waiting up to six months to access $50 million owed to them and business creditors could be facing an even longer wait, according to Ferrier Hodgson.
Mine site water infrastructure group GFR has become the sixth Perth-based company to call in administrators in as many weeks, citing deteriorating trading conditions and significant contract delays.
South Korean contractor Samsung C&T has announced it will take over the work previously contracted out to failed construction company Forge Group at Roy Hill.
Litigation funder Bentham IMF and law firm Slater & Gordon will pursue a potential class action against failed engineering contractor Forge Group amid allegations of misleading and deceptive conduct by the company.
A three-month battle to keep Forge Group afloat has come to a sudden end, with administrators and receivers called in to manage the company's assets after financier ANZ Banking Group withdrew support for the engineering contractor.
Embattled property developer Luke Saraceni's battle with the corporate watchdog will move to the Supreme Court after his appeal to the Full Court of the Federal Court was dismissed this morning.
The receivers of Great Southern have today made public its preference for timber company Gunns to assume responsibility for most of the collapsed company's plantation schemes.
