Ben Sewell will be giving the following presentation to the NSW State Legal Conference:
The Good, the Bad and the Ugly: The line between a pre-pack arrangement and phoenix activity for SMEs
Phoenix activity, also known as asset stripping, is being targeted by the regulators as an inappropriate response to corporate insolvency. This seminar considers the line between legal pre-pack arrangements and illegal phoenix activity for small-to-medium sized enterprises (SMEs). The seminar analyses the legal definition of phoenix activity, problems for regulators (and liquidators) with regulatory responses and three case studies.
The focus of the seminar is the position of professional advisors of SMEs considering a business transfer as a response to corporate insolvency.
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