New Directors: sitting on a ticking time bomb?

New directors can find themselves sitting on a time bomb if they didn’t do their due diligence ahead of taking…

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Directors Safe Harbour – Risk & Innovation

The Directors Safe Harbour can be useful for entrepreneurs as it can help embrace risk and encourage innovation. It is…

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Safe Harbour – Risking Personal Liability to Rescue a Company

Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…

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Recovery Provisions – Trading a Business out of Financial Difficulty  

The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…

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Voluntary Administration v Safe Harbour Protection for Directors

Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…

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