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Herbert Smith Freehills’ restructuring, turnaround and insolvency team has supported the Turnaround Management Association of Australia (the TMA) in considering and preparing the TMA’s submissions in response to the Australian Government’s consultation paper Helping Companies Restructure By Improving Schemes of Arrangement (the Consultation Paper). On 2 August 2021, the Treasury released a consultation paper seeking … Read more
A review has commenced of the “safe harbour” regime that was introduced in 2017 to provide directors with a greater degree of protection from liability under Australia’s insolvent trading provisions. Read more
Jurisdictions across the globe have sought to expand their restructuring toolkits – spurred on by Governments seeking to support business during the COVID-19 pandemic. This has had a significant impact on the options available when restructuring business in the Asia Pacific region. Please join us on Thursday 30 September for a webinar presented by senior … Read more
Singapore’s Ministry of Law has extended the application period for the Simplified Insolvency Programme (SIP) by 12 months. It was originally due to end on 28 July 2021 but will now be extended to 28 July 2022. Read more
The Treasury has released a consultation paper on changes to improve creditors’ schemes of arrangement in Australia (the Consultation Paper).[1] The main proposal in the Consultation Paper is the consideration of a broad automatic moratorium, available to companies proposing a creditors’ scheme of arrangement. In addition, the Consultation Paper briefly touches on a number of … Read more
