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Australia Directors Insolvency

A&O Shearman

Navigating governance during financial distress

A&O Shearman on

Financial distress for a company always places additional emphasis on governance—and on the duties of the directors of the company. The Australian legal system has a clear system of duties for directors—a period of financial...more

K&L Gates LLP

ASX Guidance on Continuous Disclosure Obligations in Light of the Safe Harbour Reforms

K&L Gates LLP on

In a previous Legal Insight, we foreshadowed potential guidance from the ASX on the interaction between the new insolvent trading safe harbour laws and the continuous disclosure obligations of a public company. On 9 March...more

K&L Gates LLP

Navigating the Safe Harbour – To Disclose or not to Disclose?

K&L Gates LLP on

The Safe Harbour reforms that became law on 19 September 2017 aim to create a better environment for the effective corporate rescue of distressed companies. By removing the perceived fear of insolvent trading from directors...more

K&L Gates LLP

I Get Knocked Down, But I Get Up Again

K&L Gates LLP on

Australia has long been known for its “have a go” attitude and it appears that this sentiment has been behind major reform in Australia’s restructuring and insolvency laws over the past year. Originally published in INSOL...more

K&L Gates LLP

Surviving the Storm

K&L Gates LLP on

The government has introduced major law reforms to Australia's insolvency laws which will come into effect next year. With news of established local and international fashion brands facing financial difficulty and entering...more

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