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 These rules, which absolved directors from personal liability if their businesses traded while insolvent, have been replaced by legislation that includes a new, streamlined SME restructuring process that came into force…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…