That’s one of the predictions in this year’s edition of From Red to Black, Clayton Utz’s annual review of the dynamics of Australia’s Restructuring and Insolvency (R&I) market.
After a slow start to the year, a combination of rampant inflation, constrained liquidity, under-pressure management and critically squeezed margins is contributing to an increase in R&I activity in a number of sectors, including construction, transport and logistics, retail, gig-economy delivery providers and the buy-now-pay-later sectors.
R&I National Practice Group Leader, Timothy Sackar, said although the last 12 to 18 months had seen a resiliency to formal insolvency appointments, the current market instability may lead to an increase in the number of vol…
Read the full article at: https://www.claytonutz.com/knowledge/2023/april/media-release-r-i-activity-strong-as-stormy-seas-tip-companies-from-black-to-red