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Insolvency Stories - Page 4

Kiwi Stories

Insolvency stories

Dark times ahead for commercial sector
Small Business

Dark times ahead for commercial sector

Hundreds of millions in rent and project revenue are at risk as New Zealand's commercial property sector warns of wider economic damage.

By Michael Curreen • 3 min read • Wed, 15th Apr 2020
Construction industry post-lockdown – what you can do now to prepare
Digital Transformation

Construction industry post-lockdown – what you can do now to prepare

One-third of construction jobs are at risk as firms brace for insolvencies and shift training and services online to survive the lockdown.

By Staff Writer • 3 min read • Mon, 6th Apr 2020
Infrastructure sector sees 30% less jobs
Disaster Recovery

Infrastructure sector sees 30% less jobs

Thousands of New Zealand construction workers face redundancy within months unless sites can reopen safely and government support is stepped up.

By Staff Writer • 2 min read • Tue, 31st Mar 2020
Are your contractors competent?
Risk & Compliance

Are your contractors competent?

Companies can face serious penalties if they hire untrained contractors, after a forestry worker suffered major chest injuries in Waitakere.

By Michael Curreen • 3 min read • Tue, 14th Jan 2020
Subcontractors need to be protected when companies fail
Supply Chain

Subcontractors need to be protected when companies fail

Smaller contractors can be left tens of thousands of dollars out of pocket when builders collapse, prompting calls for stronger protections.

By Michael Curreen • 3 min read • Thu, 12th Sep 2019
Downfall of Arrow reflects high risk of construction
Supply Chain

Downfall of Arrow reflects high risk of construction

Contractors and subcontractors face fresh losses as Arrow’s collapse highlights mounting pressure and disputes over risk in New Zealand building work.

By Staff Writer • 2 min read • Thu, 28th Feb 2019
Visiting cybercrime expert says the deep web can benefit NZ businesses
Fintech

Visiting cybercrime expert says the deep web can benefit NZ businesses

Believe it or not, the deep web can actually benefit New Zealand businesses, according to visiting cybercrime expert Dr Stephen Hill.

By Sara Barker • 2 min read • Wed, 3rd May 2017
Quantity surveyors lead joint payments move
Supply Chain

Quantity surveyors lead joint payments move

Builders and subcontractors gain trust protection under the new retention regime, as industry groups issue guidance to clarify compliance.

By Staff Writer • 3 min read • Wed, 19th Apr 2017
Employee claims he's owed $100,000 by Kiwi tech company in liquidation
Payment Technologies

Employee claims he's owed $100,000 by Kiwi tech company in liquidation

If you were owed $100k from your company, you'd feel pretty aggrieved wouldn't you? Ex-employee, Lawrence Sami certainly feels that way.

By Ashton Young • 2 min read • Fri, 16th Sep 2016
NZTG cleans up 'unfortunate situation' through deal with RS Comms
Mergers and Acquisitions

NZTG cleans up 'unfortunate situation' through deal with RS Comms

New Zealand Technology Group teams up with RS Comms to provide telecoms services to small and medium-sized businesses.

By Shannon Williams • 2 min read • Tue, 2nd Feb 2016

Global Stories

Insolvency stories

eCommerce requires beefed up cybersecurity to function well
Marketing Technologies

eCommerce requires beefed up cybersecurity to function well

In an increasingly interconnected world, online shopping and electronic transactions have now transcended its innovation status.

By Samantha Cruz • 5 min read • Tue, 20th Feb 2018
The disruptive force of blockchain and how it will shake up business as we know it
Blockchain

The disruptive force of blockchain and how it will shake up business as we know it

Blockchain technology is set to disrupt every aspect of business, from tax to governance, according to RSM Australia.

By Sara Barker • 3 min read • Mon, 10th Jul 2017
Australian businesses: Prepare for an economic slowdown
Data Analytics

Australian businesses: Prepare for an economic slowdown

Business risks are expected to increase in 2016. At the same time, it is unlikely there will be any improvement in the coming year.

By Catherine Knowles • 2 min read • Wed, 24th Feb 2016
Optimizer HQ subsidiaries' debts likely to top $11 million
Fintech

Optimizer HQ subsidiaries' debts likely to top $11 million

Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.

By Heather Wright • 3 min read • Fri, 18th Dec 2015
Mako Networks sold to US provider
Physical Security

Mako Networks sold to US provider

United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company's receivers.

By Heather Wright • 3 min read • Wed, 7th Oct 2015
Spark calls in receivers for Mako Networks
Physical Security

Spark calls in receivers for Mako Networks

Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.

By Heather Wright • 2 min read • Tue, 25th Aug 2015

Stories from Other Regions

Insolvency stories

How IT firms can protect themselves from insolvency
Digital Transformation

How IT firms can protect themselves from insolvency

Insolvency is a word that few IT firms want to encounter, especially because of late payments or non-payments that can potentially damage cashflow.

By Sara Barker • 3 min read • Wed, 26th Apr 2017