When a company finds itself facing potential insolvency or restructuring, our corporate and commercial team will provide management with the best and right legal advice to help them make strategic decisions regarding the future of the company.
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During these instances, we partner with our clients’ team of professional advisors to help address the issues being faced by companies facing insolvency.
We have acted for financially distressed companies and clients, and liaised with liquidators, administrators and creditors, to provide timely and accurate legal advice. .
04 December 2018
It’s time to review and update your insolvent trading clauses and practices! Historically common law came to the aid of an asset owner needing to protect materials, plant and equipment delivered to a buyer which had not yet paid in full. Recent changes to the Corporations Act 2001 (Cth) assist such buyers in receipt of unpaid assets even though the buyers are potentially insolvent.