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. And they revealed fresh details about how it failed – from claims of non-existent AI technology to telling investors Metigy had customers that never paid for or used its product.
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The Small Business Restructuring (SBR) framework has quickly become one of the most widely used mechanisms available to financially stressed SMEs. From only a handful of appointments in FY21, uptake has expanded to almost 3,000 SBR appointments in FY25, now representing a substantial proportion of all formal insolvency appointments across Australia. As the use of SBR
The Small Business Restructuring (SBR) framework has quickly become one of the most widely used mechanisms available to financially stressed SMEs. From only a handful of appointments in FY21, uptake has expanded to almost 3,000 SBR appointments in FY25, now representing a substantial proportion of all formal insolvency appointments across Australia. As the use of SBR
The definition of a Turnaround is a structured effort to restore a struggling company to financial health. While the definition sounds straightforward, the real work goes beyond the restoration of balance sheets, profit-and-loss or positive cash flows. Every business has its own unique idiosyncrasies, internal politics and stakeholder pressures —
The definition of a Turnaround is a structured effort to restore a struggling company to financial health. While the definition sounds straightforward, the real work goes beyond the restoration of balance sheets, profit-and-loss or positive cash flows. Every business has its own unique idiosyncrasies, internal politics and stakeholder pressures —
In this episode of The Cut, the conversation dives deep into the hidden complexities of insolvency law and what every director, administrator, and shareholder needs to understand before making their next big decision. From a chickpea trading company that triggered a pivotal case to the misunderstood power of subordinated creditors,
In this episode of The Cut, the conversation dives deep into the hidden complexities of insolvency law and what every director, administrator, and shareholder needs to understand before making their next big decision. From a chickpea trading company that triggered a pivotal case to the misunderstood power of subordinated creditors,
