Newsroom
Game of forums: Australian liquidation v Chapter 11 – which should prevail?
07-20-16
Ashurst share their article with us. On 30 June 2016 the Victorian Court of Appeal clarified the interplay between US Chapter 11 and Australian insolvency proceedings in Legend International Holdings Inc (in liquidation) v Indian Farmers Fertiliser Cooperative Ltd [2016] VSCA 151. What you need to know: key takeaways – This is the first Australian appellate […]
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Please contact the TMA National Office at info@turnaround.org.au or 1300 042 811.
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Major Insolvency Reform: India
05-20-16
Michael Sloan and Kathryn Smith from Ashurst share their article with us. A new Insolvency and Bankruptcy Code (Code) has been passed in India. The Code is aimed at modernising the process of liquidation and revival of companies in India. Why was reform necessary? The previous process was Court driven and often resulted in a […]
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The way of the whale: stranded carbon assets
04-05-16
Carl Gunther at KPMG shares his article, The way of the whale: stranded carbon assets with us. Chairing a session recently at the Sydney 2016 Euromoney Distressed Debt Conference titled “What options do investors have with stranded, or potentially stranded “carbon” assets on their books?” I asked panellists to reflect on the way of the whale in […]
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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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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 […]