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A growing number of larger technology companies are scrambling to restructure their operations to avoid insolvency, as stubbornly high labour costs and a tough capital-raising environment mean directors are flirting dangerously with insolvency, new data shows.
Tim Klineberg of King & Wood Mallesons says Safe Harbour is a strategy for company owners to consider when storm clouds are forming.
Fresh data from KPMG shows that Australian companies are facing the most distress globally. Life sciences and technology sectors appear the most precarious.
Th…
Read the full article at: https://www.afr.com/technology/aussie-tech-firms-under-increasing-insolvency-threat-data-shows-20240216-p5f5ig