The changes in insolvency & restructuring rules that could catch out Australian businesses – DynamicBusiness

Directors no longer have the protection of the COVID Safe Harbour insolvency rules put in place to deal with the impact of the pandemic. These rules, which absolved directors from personal liability if their businesses traded while insolvent, have been replaced by legislation that includes a new, streamlined SME restructuring process that came into force…

The Part A1 Moratorium: Stop Right Now, Thank You Very Much I Need Some Time For A Rescue – JD Supra

The Part A1 Moratorium is an insolvency process that was introduced by the Corporate Insolvency Governance Act 2020 to help financially distressed companies obtain temporary protection from creditor action, while the company attempts to rescue itself as a going concern. A quick legal update on the Part A1 Moratorium and its effects can be found…

Grupeer proposes ceasfire with disgruntled investors – P2P Finance News

Grupeer is looking to work with lawyers representing a group of disgruntled investors who were taking legal action against the European peer-to-peer lender. The Latvia-based peer-to-peer lender had itseconomic activities suspendedby the countrys tax authority last September. It also faced criticism and legal action after it said in March that it wouldno longer pay interest…

Monthly corporate and individual insolvency statistics – Business Up North

Eleanor Temple, Yorkshire Chair of R3 Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of Januarys corporate and personal insolvency statistics for England and Wales: Januarys fall in corporate insolvency numbers has been driven by a fall in Creditors…