The good, the bad and the ugly: The line between a pre-planned arrangement and phoenix activity for SMEs
Ben Sewell, Principal, Sewell & Kettle Lawyers
ARITA’s new policy recognises the benefits of pre-positioning to enable viable businesses to continue and maximise return for creditors. Pre-positioning involves a sale of business or assets prior to the appointment, without any involvement of the appointee. These arrangements are distinct to pre-packs, whereby the proposed appointee has involvement in the pre-appointment negotiations.
This discussion focuses on the issues for SMEs and case studies about the traps for professional advisors and insolvency practitioners.
Date: Tuesday 15 March
Time: Registration and lunch from 12.30 pm; Presentation 1-2 pm
Venue: Noah’s On The Beach, Cnr Shortland Esplanade & Zaara Street, Newcastle 2300
Price: $46 Member, $57 Non-Member (GST incl.)
CPD/CLE: 1 point
If you are an existing client and you would like a complimentary pass please email firstname.lastname@example.org.