Disclaimer: This publication contains comments of a general nature only, and is provided as an information service. It is not intended to be relied upon as, nor is it […]
Disclaimer: This publication contains comments of a general nature only, and is provided as an information service. It is not intended to be relied upon as, nor is it a substitute for specific professional advice. On 1 January 2021, the largest […]
Any business which faces the risk of being unable to pay its deferred debts to creditors should strongly consider strategies that will help them to survive in the long term. One such strategy that may be available is the Deed of Company Arrangement (DOCA).
The Federal Government has announced that it will continue to provide regulatory relief for businesses that have been impacted by the Coronavirus crisis by extending temporary insolvency, and bankruptcy protections until 31 December 2020.
Businesses who have not become insolvent or gone into administration, should take advantage of the extensions of the temporary measures to examine their current operations, restructure and wind down, and position themselves to take advantage of the new economic environment that will emerge from the wake of the current Coronavirus crisis.
It is more important than ever for people and businesses to be aware of their legal and financial risks. A legal health check is one of the best ways to identify such risks and devise strategies to protect against them.