Treasurer Josh Frydenberg today heralded “the most significant reforms to Australia’s insolvency framework in 30 years”. The reforms will draw on debtor-in-possession principles including those found in Chapter 11 of the US Bankruptcy Code. The new laws are intended to help small businesses restructure and survive the economic impact of COVID-19 or to wind down their operations in an orderly manner.
Norton Rose Fulbright invites you to a special briefing with our restructuring and insolvency team to discuss key elements of the reforms and what they will mean for stakeholders in Australian restructurings. Everyone will be affected:
- Banks and other financial institutions
- Secured creditors
- Revenue authorities
- Insolvency practitioners
Recognised as Law Firm of the Year 2020 for Insolvency and Reorganisation Law by Best Lawyers, the Norton Rose Fulbright team is one of the largest in Australia, with 17 partners practising across four national offices. Together with our international colleagues (in excess of 60 restructuring and insolvency partners, four of whom are Fellows of INSOL International), we are the only law firm in Australia that combines domestic scale with genuinely global reach and capability. Find out more about our Financial Restructuring & Insolvency team.
This session is valid for 1 CPD point. Please ensure this meets the criteria accreditation within your accreditation jurisdiction.
- Steven Palmer, Partner
- Scott Atkins, Partner
- John Martin, Partner