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Category: Management

  • Helping Companies Restructure by Improving Schemes of Arrangement: TMA Australia Submissions on the Consultation Paper

    09-20-21

    The Turnaround Management Association of Australia (the TMA) welcomes the opportunity to provide submissions in response to the consultation paper Helping Companies Restructure by Improving Schemes of Arrangement dated 2 August 2021 issued by The Treasury of the Government of the Commonwealth of Australia (the Consultation Paper)  The TMA is a community of professionals dedicated […]

  • Translating international turnaround lessons for the Australian market webinar (25 Aug 21)

    08-26-21

    The law, judicial system, culture, lifespan and government of each country are some of the key components that mixed together deliver a country’s unique turnaround environment. Whilst an organisation’s issues may be similar across different countries, the methodology around how to address those issues can vary significantly.  So the approach in the UAE, a country […]

  • TMA Submission – Insolvency Reforms to support Small Business

    10-13-20

    Turnaround and restructuring naturally lie at the heart of the Turnaround Management Association (“TMA”) Australia. That is why, with Australia facing a pandemic induced recession through no fault of its own, the TMA supports SME law reform which promotes restructuring of businesses facing insolvency through no fault of their own. Yesterday the TMA submitted its […]

  • How to decide to salvage or wind up a company

    09-09-20

    Difficult decisions are now on many board agendas – is the company’s position salvageable or terminal? TMA Board Directors Gayle Dickerson and Michael Sloan recently produced an article for the Australian Institute of Company Director’s magazine outlining some important misteps for Directors to avoid and a ‘Director’s Decision Tree’ to consider as they make hard […]

  • Considerations for directors and a test for existing insolvency laws (King & Wood Mallesons)

    03-25-20

    As part of its economic response to the COVID-19 pandemic, the Government passed a ‘temporary safe harbour’ insolvency measure[1]. It suspends, (for six months if not extended), the current ‘insolvent trading’ regime whereby directors can be personally liable for debts incurred by their company at a time it is insolvent.[2] This alert by King & […]

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