Insolvency law changes effective today January 1, 2021 By Chris Pearce It’s a new year and with that comes a whole series of new laws.Today, the Federal Government’s moratorium on insolvent trading liability (under section 588GAAA of the Corporations Act 2001 (Cth)) comes to an end, as do a series of changes to the timing and threshold amounts for statutory declarations.At the same time, the new small business restructuring regime under new Part 5.3B of the Corporations Act, and the new simplified liquidation regime, have also come into effect.If you would like to talk about a business in financial distress, please contact our insolvency and restructuring team for a chat. Post navigation Blackwall client Quantify Technology (ASX:QFY) acquires Adelaide-based GSM InternationalLiquidator entitled to sell limited partnership winery
News May 5, 2023 By Chris Pearce Court approves scheme of arrangement by which Blackwall client Health House International (ASX:HHI) will be acquired by Creso Pharma (ASX: CPH)
February 9, 2023 By Sweeney Hughes Peak Indebtedness Rule Abolished: High Court Gunns down preference recovery strategy The ‘peak indebtedness rule’, a strategy which had been used by liquidators to maximise the recovery of unfair preference claims in the context of continuing… Read More Case summaries