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...
by John Kukulovski | Dec 11, 2023 | Business, Insolvency
In the face of an increased number of Applications to Wind Up issued by the Australian Taxation Office (ATO) against companies with unsettled tax liabilities, a strategy known as the “11th hour VA appointment” is emerging to circumvent immediate...
by Liam Bellamy | Dec 11, 2023 | Business, Restructuring
December traditionally marks our compilation of an annual list chronicling the year’s most notable corporate collapses. This task posed a challenge for several years due to the scarcity of corporate insolvencies in Australia and on the global stage. However, 2023...
by Liam Bellamy | Nov 16, 2023 | Business, Insolvency, Restructuring, Tax & Accounting
The insolvency landscape in Australia has been experiencing notable shifts recently, with insolvency numbers returning to pre-pandemic levels. The initial post-COVID period saw a rise in construction-related insolvencies, but more recently, the issue has become...
by Liam Bellamy | Oct 14, 2023 | Business, Insolvency
Section 203AB of the Corporations Act 2001 (Cth) was introduced in 2020 by the Australian Federal Government to combat “phoenixing,” a practice where companies evade debt by liquidation or abandonment. This section renders a director’s resignation...
