The Situation: Australia's corporate regulator, the Australian Securities and Investments Commission ("ASIC") brought proceedings against two former directors of Tennis Australia...
There is no retrospective relief for a company director's liability for insolvent trading, after the extension expires.
Directors must start planning now to avoid trading whilst insolvent when temporary relief ends on 31 December 2020.
You are invited to join our upcoming webinar on insolvency law reforms and the removal of the temporary "Safe Harbour".
These changes to insolvent trading laws were introduced to help businesses manage the economic effects of the pandemic.
New legislation aims to combat illegal phoenixing activities, by amendments to the Corporations Act and the GST Act.
It is likely that many statutory demands will be issued in early 2021 due to the moratorium lapsing on 31 December 2020.
A summary of key legal issues impacting business, as well as Australian and Victorian Government measures in place.
The aviation industry has been severely impacted by the COVID-19 pandemic.
British Virgin Islands
In a recent decision, Chu v Lau  UKPC 24 on appeal from the Court of Appeal of the Eastern Caribbean Supreme Court (British Virgin Islands) (the "Court of Appeal")...
The BVI Commercial Court provided welcome guidance on the standing of an appointing party to interfere in a receivership.
On October 6, 2020, the Government of Ontario introduced Bill 213, Better for People, Smarter for Business Act, 2020 (Bill). If passed, the Bill will amend the Ontario Business Corporations Act (OBCA)
Norton Rose Fulbright Canada LLP
In iAnthus Capital Holdings, Inc.(Re), Gomery J. of the Supreme Court of British Columbia, approved an amended plan of arrangement (the Amended Plan) ...
McLennan Ross LLP
Cutting red tape has been a mantra of many governments at different levels and in a number of jurisdictions. The zeal with which it is professed to be done ...
Minden Gross LLP
Schedule 1 to the Bill contains the proposed amendments to the OBCA. T
This week, the Government of Ontario introduced the Better for People, Smarter for Business Act, 2020, which contains proposed legislative amendments to the Business Corporations Act (OBCA) ...
Aird & Berlis LLP
Removal of Director Residency Requirements and Reducing the Voting Threshold for Private Company Ordinary Written Resolutions
Davies Ward Phillips & Vineberg
Chapter 3 of Davies Governance Insights 2020
Borden Ladner Gervais LLP
The global COVID-19 pandemic has had a significant impact on financial markets. Many businesses were (and some still are) closed on a temporary or permanent basis, causing stock market volatility.
Restructuring & Insolvency Comparative Guide for the jurisdiction of Cayman Islands, check out our comparative guides section to compare across multiple countries