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Tag: Banking & Finance

COVID-19: Extension of Temporary Insolvency Relief Measures

Pursuant to regulations which commenced on 22 September 2020, the Australian Government has extended the temporary insolvency relief measures (which came into force on 25 March 2020 in response to…

Coronavirus (COVID-19): Important Temporary Relief in Insolvency Law

Please note: Pursuant to the Corporations and Bankruptcy Legislation Amendment (Extending Temporary Relief for Financially Distressed Businesses and Individuals) Regulations 2020 which commenced on 22 September 2020, the Australian Government…

Coronavirus (COVID-19) Temporary Changes to the Banking Code of Practice

The Australian Banking Association Banking Code of Practice (1 March 2020 Release) (the Code) has been temporarily varied for the period of 1 July 2020 to 1 March 2021 to…

What to Look For: Signs That a Company May be Insolvent

In the current climate, many businesses will suffer from financial difficulties, though this does not necessarily mean that the businesses are insolvent. There are a number of indicators that may…

Crowd-Sourced Funding extended to Proprietary Companies

On 14 September 2017, the Corporations Amendment (Crowd-sourced Funding for Proprietary Companies) Bill 2017 (the Bill), was introduced and read in parliament for the first time. The Bill follows on…

Insolvency Update – Trust Assets in Liquidation & Corporations Act Reform

Insolvency practitioners should be aware of the judgment in Re Amerind [2017] VSC 127, which may require liquidators to revisit the basis on which creditors’ claims have been dealt with…

Jamies Italian – A Timely Reminder of Insolvency Risk in the Hospitality Industry

On 28 June 2016, receivers and managers were appointed to the Keystone Hospitality Group. A number of well-known bars, pubs and restaurants owned by Keystone were subject to this appointment,…

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