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The
COVID-19 pandemic has disrupted economic activity and sharply reduced
the revenue of Australian businesses. The number of businesses that fail in
this episode will depend on a range of factors, including the size of individual
businesses’ cash buffers just prior to the pandemic, the decline in their
revenue during the downturn, their capacity to reduce operating expenses,
and the extent of support from both the Government and private lenders. This
Box explores how the risk of business failure in the non-financial sector
has evolved during the
pandemic.

Businesses failures are a key risk to the financial system for a…

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We are excited to share the inaugural edition of R+I In Brief, where we explore the past year of developments in the Australian restructuring and insolvency industry and provide our thoughts on the year ahead.

The 2023 edition of R+I In Brief includes a collection of articles and case notes we have prepared as well as some further commentary on issues we consider pertinent to the restructuring and insolvency industry.

It is broken up into three parts:

1) Setting the scene ;

2) Industry Insights ; and

3) Judicial Highlights .

Setting the scene

Part 1 explores recent restructuring and insolvency developments in Australia in FY22/23. Click through if you would like to know more about:

• Australia’s near…

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