Insolvency: 25 February 2022
Probuild has entered voluntary administration (VA) with some $5 billion in ongoing building projects around the country. This step was taken when the builder's parent company withdrew financial support, prompting the appointment inclusive of 18 entities associated with Probuild.
This insolvency will have flow-on effects on suppliers and contractors as well as employees.
For more information please see the full article at https://www.linkedin.com/pulse/probuild-end-paolo-tatti/?trackingId=4A9eb8XhSy%2BZRcKbzDmoMQ%3D%3D
If you would like us to keep you informed about the Probuild VA and its likely implications, please subscribe to our dedicated mailing list - http://eepurl.com/hVH-9r. This mailing list is independent of our other mailing lists and will be used only for this purpose.