Restructuring

Zombie companies of the ASX; the insolvency zone and the story of stranded capital

The “insolvency” zone: a D2D score <1 Default risk (or insolvency) is the uncertainty surrounding a company’s ability to service its debt as and when it falls due. Prior to…

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Safe to fail in the Harbour – the new Safe Harbour laws for companies facing insolvency

Successfully restructuring a distressed business is hard to do. It requires compromises and trade-offs in a high risk and emotionally charged environment.

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Government reform of insolvent trading laws. A safe harbour or just another port in the storm.

Australia’s insolvent trading laws are framed in a way that imposes personal liability upon directors for debts incurred if the company is found to have traded whilst it was insolvent. But proposed government legislation reform may change that.

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No new way for a company to go bust but the signs of default existed long before its demise

Most experts when asked about why a company went broke or defaulted will respond with a collection of good logical reasons specific to the matter.

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Whose idea is that any way?

In the lead up to the recent NSW election win by the Baird Government – Premier Baird made it a policy imperative to seek out and receive ideas from the…

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