The recent banking Royal Commission revealed that even in Australia’s largest, most reputable companies, there can be misconduct and illegal behaviour which it is in the public’s interest to know about.
Recently, the federal government introduced the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2018 and the Insolvency Practice Rules (Corporations) Amendment (Restricting Related Creditor Voting Rights) Rules 2018 in a heightened attempt to combat illegal phoenix activity.
It’s All Insolvency, Isn’t It? What are the Different Roles of Administrators, Receivers and Liquidators?
“Insolvency” is a term often seen in the headlines recently with the collapse of a number of high profile local companies such as JM Kelly Builders Pty Ltd and Metro Builders, and publicly listed company RCR Tomlinson Ltd and its subsidiaries.
Legislation came into force recently that will affect the way we do business.
The Unfair Contracts legislation will potentially affect many of the “Standard Form” contracts we enter into.
Would your business survive?
Could you happily continue the business in partnership with the beneficiaries of your deceased partner’s estate (usually his or her spouse or children)?