by John Kukulovski | Feb 16, 2024 | Business, Insolvency
In a recent legal ruling, the Australian Federal Court has clarified the limitations faced by directors of insolvent companies in challenging the company’s PAYG (Pay As You Go) liability. The case, involving RIC Admin Pty Ltd (Company), centred on whether a...
by Liam Bellamy | Feb 14, 2024 | Business, Restructuring
Restructuring has become a crucial tool for companies to remain competitive and resilient. Whether instigated by internal challenges or external market forces, restructuring allows you to realign your strategies, optimize operations, and position your business for...
by Liam Bellamy | Feb 9, 2024 | Business, Finance, Restructuring
Businesses today operate in dynamic environments where change is not just inevitable but often rapid and disruptive. Since 2020, we’ve noticed that restructuring has shifted from being viewed as a sign of failure to a proactive approach for adapting to changing market...
by Liam Bellamy | Dec 19, 2023 | Business
The recent decision in the Frisken case serves as a stark reminder for insolvency practitioners in Australia that securing extensions to convening periods for creditors’ meetings isn’t a mere formality. The Courts, as emphasised by the Frisken judgment,...
by John Kukulovski | Dec 19, 2023 | Business, Insolvency, Tax & Accounting
As the economic landscape evolves, business owners face various challenges shaping their operations and future-proofing their businesses. Looking at the trends we’re seeing in 2024, it’s clear there are several critical issues impacting industries,...
by Liam Bellamy | Dec 18, 2023 | Business, Insolvency, Restructuring
Overview: RRI was appointed as an Administrator for a group of companies involved in the transport business across Victoria and the east coast of Australia. Our appointment arose due to the business being taken over by a related party, which continued operating...