Startups – Protecting Directors, Managing Stakeholders’ Interests

Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…

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Avoiding Failure – Smaller and Family Businesses

The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…

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Insolvency Warning Signs – cashflow is king

Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…

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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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Managing Insolvency Risk and Checklist for Times of Crisis

Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…

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SafeHarbour – Director Protection From Insolvent Trading

SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…

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