Seminars

CPA Small and Medium Enterprise Discussion Group – Phoenix Activity Presentation

Ben Sewell will be presenting a seminar on phoenix activity to the CPA Small and Medium Enterprise Discussion Group. The questions for discussion will include the following:

  1. What is phoenix activity and why are we reading about it more now?
  2. What are the legal penalties for phoenix activity?
  3. Why isn’t there a specific law against it? Why isn’t there a definition of phoenix activity in the Corporations Act?
  4. Who is the big loser with phoenix activity? How much does it cost?
  5. What is the controversy regarding “pre-pack insolvency arrangements”? Can it really be legal to transfer an insolvent business to a related party?
  6. Tell us about valuation. What is the level of consideration required?
  7. Insolvency practitioners have gotten the pointy end of the stick with phoenix activity – can you tell us about the Franklin case?
  8. There is a lot of material about “phoenix operators” – what does phoenix activity look like? Who are these people and their clients?
  9. Tell us about Plutus payroll – did they really get away with $165 million? How did they do it?
  10. There is a case of a solicitor being accused of phoenix activity – what happened in the case?
  11. What is the direction of government policy going forward? How do you think the law will develop in this area?

Upcoming educational seminars

  • UNSW Edge: SME Insolvency & Restructuring Critical Updates Webinar

    Ben Sewell will be presenting on the topic of: Future watch – what comes next? This session will cover: Analysis of potential implications of current climate on your practice; Suggested strategies and business skills that you can implement that will assist you to respond to changes that may come after September 2020.

    Learn more

  • Thomson Reuters Building & Construction Law Conference

    12:05PM How to manage subcontractor insolvency During COVID-19 the Government has strongly signalled that SMEs may continue to trade whilst insolvent (and created supporting statute). The risk to builders and developers is that their subcontractors will fail once the COVID-19 safe harbour ends. What can be done pre-contract and post-formal insolvency appointment (e.g. voluntary administration) […]

    Learn more

made by avanavo.com

×