We understand that it is critical to have accurate but pragmatic legal advice on which to base astute and strategic business decisions, and to maintain business viability and vitality.
Find out more
We partner with our clients’ other professional advisors, including experienced insolvency professionals, to properly address the issues that arise for troubled companies.
We have acted for financially distressed companies and clients, as well as dealing with liquidators, administrators and creditors, to provide timely and accurate advice in trying circumstances.
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.