COVID-19 Safe Harbour – I just spent six months in a leaky boat…

No one expected these immortal words by Split Enz to be so relevant during the COVID-19 pandemic. However, that is exactly how some directors may be left feeling regarding the requirements to qualify for protection from trading while insolvent under the COVID-19 Safe Harbour provisions. NAVIGATING COVID-19 When COVID-19 hit Australia, it created a crisis […]

Retail chains, Watch Works and Cobbler Plus, saved

Tough retail market conditions have resulted in a number of recent high-profile collapses. These conditions were the same issues facing Watch Works Australia and Cobbler Plus Services when the Director appointed FTI Consulting as Voluntary Administrators.

Ipso Facto – Encouraging Turnarounds and Preserving Enterprise Value

The Enterprise Incentives Act came into effect on 1 July 2018 and, like the safe harbour reforms, the ipso facto amendments look to promote a culture of entrepreneurship and successful turnaround. Under the new amendments a counter-party is unable to terminate the contract if an insolvent event occurs, save for specific exceptions.

For further information please contact Linda Bertolissio or Riina Rintanen.