Small business restructuring in Australia: Two years on, is the new process working as intended? – Norton Rose Fulbright

Restructuring

From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…

One of Australia's biggest construction companies stops work and plunges into administration – Daily Mail

Liquidation

By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 10:50 AEDT, 5 February 2024 | Updated: 21:05 AEDT, 5 February 2024 One of Australia’s biggest construction companies has stopped work in three states and appointed administrators as higher interest rate… Read the full article at: https://www.dailymail.co.uk/news/article-13044929/One-Australias-biggest-construction-companies-stops-work-plunges-administration.html

TANGEDCO unbundling: Navigating complex financial restructuring challenges ahead – BusinessLine

Restructuring

As the Tamil Nadu Government kickstarted the process of unbundling its energy distribution company with the formation of three companies, a major challenge awaits pertaining to the breakdown of accumulated losses of the power utility as the financial restructuring has not been done yet. Last week, the state Energy Department issued an order for the…