A collection of news and insights about our firm and developments in the law, finance and insolvency industries
The Australian Labor Party has recently signalled its intention to crack down on illegal phoenix company activity. This often overlooked aspect of the commercial world is actually a huge area of tax evasion, and one that is costing the Australian state billions of dollars of revenue on an annual basis. What are phoenix companies? Before […]
It is essential that directors pick a voluntary administrator who is hard working, ethical, and experienced. For the voluntary administration to be successful through a compromise, you’ll need a lot of skill and a little luck. The first step before appointing a voluntary administrator is for company directors to define what they want the process […]
The company liquidation process (creditor’s voluntary liquidation for insolvent companies) can be a long and winding road for company directors. The liquidator doesn’t owe the directors or owners any legal duties so its best to pick an ethical and commercially-minded liquidator. If you pick a “salesman” liquidator you may find that they’ll look to “supersize” […]
A trading trust is one of the most popular vehicles for conducting a small to medium-sized enterprise (SME) in Australia. This blog post describes the steps and documentation required for an SME to set up a trading trust in Australia. What is the typical structure of a trading trust for an SME? Two persons decide […]
Yes, the title is a bit of tongue in cheek! La La Land is a movie about a couple meeting and falling in love (while pursuing their dreams). Suicide Squad is another movie that is half comedy and half action blockbuster. Both movies have nothing to do with insolvency law in Australia. The takeaway is […]
This podcast is a general introduction to the safe harbour from insolvent trading that is now available for company directors. It is particularly useful to directors of small-to-medium sized businesses looking for a general understanding of the new carve-out. In September 2017 a new safe harbour from insolvent trading was introduced to help company directors […]
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