Bankruptcy & Insolvency

20/04/2018

Summary of Safe Harbour Insolvency Law Reforms

The Federal Government has passed safe harbour laws which allow directors of struggling companies to pursue restructuring efforts without fear of liability for insolvent trading. Prior to 18 …

09/10/2017

Phoenix Activity Crackdown – Director Identification Numbers

Under new laws proposed by the Turnbull Government, each Australian Company Director will be assigned a unique Director Identification Number to crack down on illegal phoenix activity which is said to …

26/05/2017

A company recently forfeited $23 million worth of leased equipment under the Personal Property Security Act. Are the registrations of your security interests effective?

In the case of OneSteel Manufacturing (OneSteel) (Administrators Appointed) [2017] NSWSC 21, a commercial lessor, Alleasing Pty Ltd (Alleasing), forfeited ownership of their leased equipment valued at …

Managing Employees in Australia given the Impact of COVID-19

We stress that due to the unprecedented nature of the pandemic and the very rapidly changing landscape, the guidelines below are general in nature and subject to change. Many of the laws that now apply to this situation were not written with regard to what is currently occurring. Therefore please exercise caution in relying […]

Temporary Changes to Insolvency Laws in Australia due to the Coronavirus (COVID-19) Crisis

In a move aimed to lessen the economic impact on businesses and individuals caused by the Coronavirus pandemic, the Australian Government has introduced some changes to insolvency laws in Australia that apply to personal and corporate insolvency regimes. This includes a temporary increase to the threshold in which creditors can issue a statutory demand on […]

Coronavirus (COVID-19) Update

Following on from the extensive reporting in relation to the COVID-19 pandemic we have implemented a number of protocols to enable the business to continue operating if a staff member or principal is diagnosed with the virus and/or the office needs to close for a period of time. Our staff and principals have adopted best […]

Summary of Safe Harbour Insolvency Law Reforms

Phoenix Activity Crackdown – Director Identification Numbers

A company recently forfeited $23 million worth of leased equipment under the Personal Property Security Act. Are the registrations of your security interests effective?

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