News and Insights

The Insolvency Court of Hanover decided to terminate the debtor-in-possession proceedings on 31 August 2024. Accordingly, after eight months, the WORMLAND insolvency proceedings have been concluded with the implementation of the restructuring plan approved by the creditors’ assembly.

Volatility rippled through global markets at a breakneck speed in early August. An unexpected Bank of Japan (BOJ) interest rate hike on 31 July sparked an 8% rally against the dollar, triggering an unwinding of the yen-funded “carry trade”, where investors borrow interest-free in yen to invest in high-yielding assets globally.

B. Riley Farber Advisory Inc. acted as the exclusive financial advisor to the vendor for this transaction. B. Riley Farber Corporate Finance provides investment banking and financial advisory services in the areas of mergers & acquisitions, divestitures, debt & equity financing, business valuations, and fairness opinions.

BTG Global Advisory, a prominent international financial advisory firm, recently held its Annual General Meeting (AGM) in São Paulo, Brazil. The AGM is a pivotal event for BTG Global Advisory, bringing together its members to discuss strategic initiatives, and chart the course for future growth. The São Paulo meeting was particularly significant given the dynamic economic landscape of Latin America and the opportunities it presents.

The global aviation industry is set for record revenues, passengers and expenses in 2024, underscoring a fragile profitability amidst ongoing political, economic, supply chain and geopolitical risks.

The Australian government’s spirit tax has been fermenting trouble for local distilleries in the land down under. The tax, which has recently risen to AU$101.85 per litre of alcohol, is now the third-highest in the world. This increase is part of an automatic adjustment in line with the consumer price index (CPI), a policy that has seen the tax soar by 16% over the past three years.

TCP Partners are pleased to announce their participation in the 29th edition of Agrishow, the largest agribusiness fair in Latin America, held in Ribeirão Preto (SP). This year, Agrishow recorded R$13.608 billion in business intentions, a growth of 2.4% compared to 2023, and attracted approximately 195 thousand visitors.

The Securities and Exchange Commission (SEC) cleared the path for the eventual launch of the US exchange-traded funds (ETFs) that invest directly in ether tokens, the second-largest cryptocurrency, marking another significant milestone for the industry.

In an increasingly digital world, insolvency firms in Australia face unique cyber security challenges. Protecting sensitive client information, maintaining data integrity, and responding effectively to breaches are critical. Let’s explore strategies to enhance cyber security and manage data breaches within insolvency practices.

The Australian Taxation Office (ATO) plays a crucial role in revenue collection and ensuring compliance with tax laws. As we step into 2024, the ATO faces significant challenges in managing debt owed by individuals and businesses. Let’s explore the debt collection trends and policies shaping the ATO’s approach.

In the complex world of taxation and corporate governance, director penalty notices (DPNs) have become a critical tool for the Australian Taxation Office (ATO) to recover outstanding tax debts. As we step into 2024, understanding DPNs is essential for directors, business owners, and professionals alike.

The Australian accounting profession is undergoing a seismic shift due to digital disruption. As technology advances, traditional accounting practices are being challenged, reshaped, and, in some cases, completely transformed. Let’s explore the impact of digital disruption on accountants and the trends shaping the future of this vital industry.

As the accounting landscape evolves, professional accountants in Australia face a myriad of challenges. From regulatory changes to technological disruptions, staying ahead requires adaptability and strategic thinking. Let’s delve into the most critical issues impacting accountants in the Land Down Under.