EXPERIENCE

In The News

Insolvency Law Reform – Has the time come for seismic change? – Issue 2

In our article Insolvency law reform – has the time come for seismic change? released on 24 July 2023, Andrew Blundell discussed the findings from the report handed down on 12 July 2023 (Inquiry Report) from the Parliamentary Joint Committee on Corporations and Financial Services inquiry into corporate insolvency in

How AI marketing start-up Metigy took investors for a ride

In the Federal Court this week, Metigy executives spoke publicly for the first time about how it attained a $1 billion valuation through Fairfull’s deceptions, credulous investors and a technology bubble.

There was nothing AI’ about failed AI start-up Metigy, ex-CFO says

The former chief financial officer of artificial intelligence marketing start-up Metigy, which was valued at up to $1 billion before it collapsed, has admitted the company’s products did not use AI.

Boss of start-up Metigy confesses to campaign of duplicity

The boss of failed artificial intelligence marketing company Metigy has confessed that he lied to investors, forged bank statements, and fabricated revenue as part of a campaign of deception.

The final moments of AI start-up ‘charade’

I doctored the statements… The bulk of the figures are fabricated. There would have been some transaction but I don’t know the real figures.

Navigating Insolvency Risks: Key Indicators and Strategies for Creditors

In the ever-evolving landscape of corporate insolvency, being vigilant to early warning signs has become crucial for informed decision-making in providing credit.

Cathro & Partners launches personal insolvency service line

Australian insolvency advisory firm Cathro & Partners has expanded its portfolio with a new service line focused on personal insolvency.

Reckoning due for businesses reliant on capital injections

Simon Cathro, founder and managing partner of restructuring and insolvency specialist Cathro & Partners, says his general view on advice tech providers is they are often too heavily reliant on capital injections because they’re not cashflow positive.

Cathro & Partners was named the Best Insolvency & Restructuring firm

Download to read more

VAs’ Preferred Extension Period Cut Short By Creditor

Last month and just days before a fresh hearing brought by plaintiff creditor Maradox Pty Ltd was to commence MG Gold’s sole director Mendel Gluck took his sole option, appointing Cathro & Partners Simon Cathro and Andrew Blundell to the company as voluntary administrators.