Speaking on a recent episode of The Lawyers Weekly Show, Maria O’Brien, a partner specialising in restructuring and insolvency at Clayton Utz, discussed the dramatic rise in corporate insolvency in Australia this year. She also delved into the various interconnected factors that have contributed to corporate insolvency “really taking off this year”.
O’Brien indicated that the corporate insolvency figures for 2024 are on track to potentially “exceed” the peak levels experienced during the global financial crisis and have gone “well above” the numbers recorded pre-COVID-19.
She said: “That is notable, and that’s been slow in that, obviously, at the time of COVID, everyone had to have a good hard look at what they…
