ASIC investigating Metigy, suspected of insolvent trading

Small businesses have had to adapt to COVID's effects on the economy over the past two years. They are now dealing with a whole new set of difficulties, including rising inflation, lack of workers, high consumer demands, and supply chain issues.

Small businesses have had to adapt to COVID’s effects on the economy over the past two years. They are now dealing with a whole new set of difficulties, including rising inflation, lack of workers, high consumer demands, and supply chain issues.

Simon Cathro, Founder and Principal at Cathro and Partners is joined by Brendan Widdowson, Head of Sales at Banjo Loans in this webinar to discuss how businesses in 2022 can manage uncertainty and find potential solutions.Artificial intelligence marketing tech company Metigy collapsed owing a list of high-profile creditors more than $32 million after its founder and CEO borrowed millions of dollars of company money and spent it on luxury properties, administrator documents show…Artificial intelligence marketing tech company Metigy collapsed owing a list of high-profile creditors more than $32 million after its founder and CEO borrowed millions of dollars of company money and spent it on luxury properties, administrator documents show…

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We’re pleased to welcome Chris Bergin to Cathro & Partners. Joining the team in February 2025, Chris brings with him 18 years of experience across a broad spectrum of corporate and personal insolvency matters. His background includes work in voluntary administration, receiverships, liquidations, safe harbour advisory, and complex restructuring assignments.

Section 588FP of the Corporations Act 2001 (Cth) addresses the validity of security interests granted by a company to certain related parties, particularly its officers. This provision is designed to prevent company officers from securing personal advantages over other creditors, especially in the period leading up to an external administration.

When a business faces insolvency, one of the most overlooked yet critical aspects is ensuring that administrators and receivers are legally and correctly appointed. In this episode of The Cut, expert insolvency lawyer Nick Christiansen from Sparke Helmore joins the conversation with host Simon Cathro, to break down valid vs.