Blog

A collection of news and insights about our firm and developments in the law, finance and insolvency industries

  • How to avoid a voluntary administration of your company (for SMEs)

    How to avoid a voluntary administration of your company (for SMEs)

    Summary Voluntary administration rarely results in a good outcome for the business –or its creditors. The end result is usually the winding up of the business as a going concern, and ‘next-to-nada’ for the creditors. We have already discussed How to prepare for a voluntary administration, and here we set out the steps you need […]

    Learn more

  • COVID-19 technical update: Commercial tenancy changes for SMEs

    COVID-19 technical update: Commercial tenancy changes for SMEs

    28 April 2020 Summary In response to anticipated temporary insolvency of small-to-medium sized enterprises, the Retail and Other Commercial Leases (COVID-19) Regulation 2020 was introduced in NSW on 24 April 2020 The regulations are set to be in place for six months commencing on 24 April 2020 It covers leases governed by the Retail Leases […]

    Learn more

  • How to prepare for a voluntary administration (for SMEs)

    How to prepare for a voluntary administration (for SMEs)

    Summary Australian small-to-medium businesses (SMEs) have been put into a debt hibernation cycle by the government (via the COVID-19 safe harbour). The announcement that Virgin Australia (airline) has gone into voluntary administration is raising the question for many directors: Will I have to go into voluntary administration once the COVID-19 safe harbour ends? And how […]

    Learn more

  • What is the role of solicitors in the restructuring of insolvent SMEs today? (Part 2)

    What is the role of solicitors in the restructuring of insolvent SMEs today?

    The COVID-19 economic meltdown has already led to some quick changes to Australian bankruptcy and insolvency law. However, as the basic tools for dealing with insolvency remain the same, it is worth looking at the general regulatory landscape and asking, what is the role of lawyers? And what should that role be? Estimated reading time: […]

    Learn more

  • Is your business insolvent because of COVID-19? What to do next (for SMEs)

    Is your business insolvent because of COVID-19? What to do next (for SMEs)

    Summary During the COVID-19 economic crisis, small-to-medium sized businesses (SMEs – businesses with less than 200 employees) need to move with the tide of the economy instead of resisting it. It is likely that many businesses will do the opposite – this crisis may be a time when the oaks are blown over while the […]

    Learn more

made by avanavo.com

×