Australia’s Covid-19 Temporary Relief for Financially Distressed Companies – Shielding the Inevitable? – Who’s Who Legal

Bankruptcy

The Australian federal government, like many governments across the globe, has enacted temporary legislative changes to provide relief for businesses that have been impacted by the economic effects of the covid-19 pandemic. In order to facilitate continued business operations, the changes provide companies with breathing space to respond to demands from creditors for overdue debts…

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Endresz to hire private security for Alligator Blood over Sydney carnival – The Border Mail

Bankruptcy

ALLAN Endresz has revealed an extraordinary plan to hire private security to keep a watchful eye on his star galloper Alligator Blood during the Sydney spring carnival. Alligator Blood has quickly established a cult following after winning nine of 12 career starts and will be a major drawcard during the spring with the $7.5m Golden…

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Special Situations and the UK Corporate Insolvency and Governance Act – JD Supra

Liquidation

The enacted Corporate Insolvency and Governance Act (the Act) introduces three permanent reforms to the existing insolvency legislation and certain temporary measures designed to address the immediate impact of COVID-19 on UK businesses. Among other things, the Act looks to maximise the potential for struggling companies to be maintained as a going concern. As market…

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Why $20 million online rug retailer Miss Amara rescued a party shirt business from liquidation – SmartCompany.com.au

Liquidation

Alexandra Tanya and Aaron Weller are preparing to take Miss Amara to the US. Source: supplied Online rug retailer Miss Amara has relaunched YP Threads, a Brisbane-based party shirt business that went into liquidation in June, after acquiring it for an undisclosed sum. The acquisition is somewhat unexpected, given Miss Amara targets a mostly female…

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