Increased Protection for Employees in Insolvency Situations Signed into Law

The Employment (Collective Redundancies and Miscellaneous Provisions) Act 2024 has been signed into law. The Act, once commenced, will amend the existing collective redundancy regime in insolvency situations and will deliver on key Programme for Government commitments detailed in the Plan of Action – Collective Redundancies following Insolvency. Background In June 2020, the coalition parties…

Canberra day spa Adytum goes bust, leaving workers and customers in the lurch with unpaid wages and unusable gift vouchers

In short: A Canberra day spa has gone into liquidation with staff saying they were blindsided by the business bust. Adytum workers claim they are owed wages while customers in possession of gift vouchers have been left out of pocket.  What’s next? Access Canberra recommends voucher holders apply as creditors with the liquidators, in a bid to get…

McGill and Partners Launches Coverage for Corporate Insolvency as D&O Policy Extension

McGill and Partners, the London-based boutique specialist re/insurance broker, has launched SAIFElimits, a coverage solution for corporate insolvency. The scheme is designed to be incorporated into any primary directors and officers (D&O) policy and is triggered automatically by an insolvency event. This extension allows protection to remain in place for directors and officers for up…