Corporate Restructurings Set to Accelerate Over the Next Two Years – News Hub – News Hub

Restructuring

Over 80% of industry experts expect volume of restructurings to continue rising Regulations favoring liquidation over rehabilitation seen as biggest challenge, with survival further hampered by inexperienced management teams and rising interest rates North America and Europe experiencing significant restructuring WILMINGTON, Del.–BUSINESS WIRE– The volume of new corporate restructuring mandates is set to continue rising…

How Safe Harbour provisions work for startups facing insolvency – SmartCompany

Liquidation

The Australian startup ecosystem is facing its next wave of financial challenges. With a 54% decline in capital raised by Australian startups in 2023 and a 14.5% rise in insolvencies, Australian startups are financially strained. For those operating in the capital-intensive tech sector in particular, the time between funding rounds is harder than ever. Tech…

Holistic vs piecemeal: the state of review of Australian corporate insolvency laws – Clayton Utz

Liquidation

It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…

Online retailer Booktopia goes into voluntary administration, customers waiting on unfulfilled orders – ABC News

Liquidation

In short: Australian book retailer Booktopia has gone into voluntary administration.  The company has been trading at a loss for over a year and earlier made 50 staff redundant.  What’s next? Administrators are looking at selling or restructuring the main Booktopia business and its three subsidiaries. Australian online book retailer Booktopia has gone into voluntary…