Category: Management
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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 […]
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Distinguish yourself from your peers – TMA Australia Awards
08-19-21
TMA Australia honours excellence through its annual awards programme and is delighted to announce that nominations are now open. Recognising achievements in the categories listed below, awards will be presented to the respective winners at the 2023 TMA Australia National Conference (15-16 August) in Melbourne. We look forward to celebrating the achievements of our members […]
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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 […]
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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 […]
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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 & […]