Insolvency expert Bradd Morelli explains the options available to businesses weighing up whether to keep trading in tough COVID-19 conditions – Newcastle Herald

How did you move into specialising in insolvency? Newcastle born and bred, I moved to Sydney after finishing my commerce degree at Newcastle Uni. I joined accounting firm Grant Thornton when they were handling the restructure of Patrick Stevedores during the 1988 Australian waterfront dispute, which helped change Australian workplace law forever. I also handled…

China’s Weilin owes $58m, but cotton farmers, brokers offered $5.5m – Queensland Country Life

Unsecured creditors from across the cotton industry are being warned to expect to be repaid maybe just a fifth of their losses following the collapse of Chinese-owned merchant Weilin Trade owing about $58 million. Latest estimates suggest about 195 cotton growers, brokers, merchants and other service providers have lost money after Weilin bought cotton for…

The unintended consequences of easing insolvency laws – INTHEBLACK

Experts warn that the additional relief provided to directors grappling with unprecedented business conditions could have unintended consequences. At a glance New legislation has provided struggling companies some relief from liability should they become insolvent. The legislation is applicable until 25 September, and it has helped guard companies during adverse business conditions. However, there are…

Financially troubled businesses should seek prompt advice, insolvency expert Ben Ismay says – Port Macquarie News

news, latest-news, Ben Ismay, Shaw Gidley, insolvency, business, economy, 2020, Port Macquarie Figures show a plunge in company insolvencies across the country in April and May despite the coronavirus-fuelled hit to the economy. The trend is forecast to continue, particularly until the end of September when the JobKeeper wage subsidy is wound back. Shaw Gidley…

Protecting Businesses will Give the Economy the Greatest Chance of Recovery – Business News Wales

Written by Theresa Grech Partner, Head of Corporate, Cardiff at Ince Theresa has over 20 years experience advising on a range of domestic and cross-border transactions and corporate governance matters. She also advises on commercial contracts and has a specialist interest in intellectual property and IT related issues. Protecting Businesses will give the Economy the…