Newsroom
Title: Crisis Spawns Reform – positive changes proposed, however tread carefully.
03-29-16
A mooted law reform in Queensland to impose personal liability for environmental damage could harm turnarounds. The legislation, which is aimed at the Queensland Nickel debacle, not only seeks to impose liability on recalcitrant directors but it would also impose liability on newly appointed “cleanskin” directors and officers as well as professional advisors and financiers. It has the […]
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Please contact the TMA National Office at info@turnaround.org.au or 1300 042 811.
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Not a sure thing? LMA secondary trades of surety bonds, bank guarantees and letters of credit
03-04-16
Paul Apathy from Herbert Smith Freehills shares his article Not a sure thing? LMA secondary trades of surety bonds, bank guarantees and letters of credit with us. Taken to the English High Court earlier this year, the GSO Credit – A Partners LP v Barclays Bank Plc case centred on the interpretation of key terms used in […]
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BREXIT: The final countdown What it means for the EU
02-29-16
Ashurst share their article, BREXIT: The final countdown. What it means for the EU with us. After months of build-up, we now know the crucial date. David Cameron has announced that the UK’s Referendum on whether to remain in the EU will take place on 23 June 2016. Whilst there is no longer uncertainty as […]
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Join in: third parties can join insurers who deny indemnity to insolvent defendants
02-22-16
Ashurst share their article Joinin: third parties can join insurers who deny indemnity to insolvent defendants. CGU Insurance Limited v Blakeley [2016] HCA 2 Key takeaways for insolvency practitioners If you are suing an insolvent insured and their insurer has denied indemnity, you can ask the court to join the insurer to the proceeding and […]
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Safe Harbour Arrangements
12-07-15
“The TMA are delighted by the PM’s passionate support of safe harbour arrangements under the new Innovation Package announced this morning. This is a critical step change for turnaround in Australia.” Lachlan Edwards, Vice President Turnaround Management Association of Australia (‘TMAA’) The Turnaround Management Association (‘TMA’) is a global organisation devoted to the promotion of […]