Do the New Safe Harbour Laws Quell Insolvency Fears? – The Urban Developer

Safe-harbour reforms that deliver greater protection for directors of financially-stressed companies have passed through both houses of federal parliament. Currently awaiting royal assent, the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017 amends the Corporations Act 2001 (Cth) and aims to protect directors acting to undertake a company restructure in response to insolvency where it will…

Toys “R” Us Australia reassures staff, suppliers after parent files for bankruptcy – The Australian Financial Review

Toys “R” Us Australia is working with law firm Gilbert + Tobin to help navigate its future after its New York-headquartered parent filed for bankruptcy, Street Talk can reveal. It is understood G+T’s distressed debt team was retained by the company locally and has been advising in conjunction with restructuring law firm Kirkland & Ellis in the United States, which is acting…

Which industry sectors pose the biggest risk in Central and Eastern Europe? – Dynamic Export – News Headlines

The good news for exporters is that insolvencies in the Central and Eastern European region continue to decline but at least one sector is still causing major headaches. According to a new report by Coface, a global leader in risk management and credit insurance, company insolvencies in the region dropped by 14% in 2015 and…

Toys”R”Us, Inc. Commences Court-Supervised Processes to Implement Financial Restructuring – Markets Insider

Files Voluntary Chapter 11 Petitions in U.S. and Intends to Seek Protection under CCAA in Canada; Operations Outside U.S. and Canada Not Included in Proceedings Toys”R”Us and Babies”R”Us Stores and Web Stores across the World are Open and Continuing to Provide World-Class Experiences for Customers Restructuring Process Expected to Enhance Financial Flexibility for Investments in…