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

  • asset protection trust

    Asset protection trusts in tax havens

    What is an asset protection trust? Any form of trust that provides for assets to be held on a discretionary basis under the control of a trustee for the benefit of the beneficiaries. Where are the tax havens? These offshore jurisdictions prefer to call themselves Offshore Financial Centers (OFCs) and they may be broken up […]

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  • Insolvency lawyers

    Insolvency lawyers: What do they do and how do you pick the right one?

    A primer for directors The benefit of a good insolvency lawyer is true professionalism. Thoughtful advice from an insolvency lawyer should save directors a lot of financial pain and wasted effort if their company faces insolvency. Discussions are privileged and lawyers owe a duty of fidelity to the client that can’t be broken by a […]

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  • director penalty notice

    I received a Director Penalty Notice: what do I do?

    Director Penalty Notice is a tax enforcement instrument issued by the Australian Taxation Office. It is issued to directors of companies and if it is not complied with tthey become personally liable for the company’s unpaid tax debts. A “lockdown” director penalty notice is an instrument that can only be discharged if the director actually […]

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  • Insolvent company

    Help, my company is insolvent! Who should I call?

    Help, my company is insolvent! Who should I call? When a company becomes insolvent the directors have a difficult challenge ahead if they want to salvage it. The first task company directors have is to work out who is going to be their trusted adviser. If a director “starts developing” a restructuring plan they can […]

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  • Australian Safe Harbour Reform

    One step towards Chapter 11: Australian Safe Harbour Reform

    Our recent article “One Step Towards Chapter 11: Australian Safe Harbour Reform” has been published by the American Bankruptcy Institute. Our firm principal Ben Sewell is a member of the ABI’s International Committee and the firm is developing unique cross-border insolvency expertise and networks.

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