Day: November 5, 2024

On 1 November 2024, the Federal Court made orders appointing Helen Newman and Andrew Fielding of BDO as receivers of the property of ALAMMC Developments Pty Ltd and 12 related corporate entities. The receivers are tasked with, among other things, conducting investigations into the amount of investor funds received by ALAMMC Developments and the related …

Federal Court appoints receivers to ALAMMC Developments Read More »

ASIC has applied to the Federal Court to wind up 95 companies. ASIC lacks confidence in the conduct and management of the affairs of the companies. ASIC is also concerned that some of the companies are the subject of complaints and appear to be associated with websites which may have facilitated scam activity. On 1 …

ASIC takes action to wind up 95 companies Read More »