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Australia

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The construction sector has long suffered from narrow margins, inappropriate risk allocation and cyclical bouts of insolvency. Jon Davies, Chief Executive Officer of the Australian Constructors Association (ACA), spoke today about the challenges facing the Australian construction industry, with a call for cultural change under the attention grabbing title ‘Disrupt or die’. Issue significantly affecting the sector include: labour shortages, exacerbated by constrained migration of skilled workers needed by the sector;falling productivity (a massive decline…

The message from turnaround and restructuring leaders, Carlyn Taylor (FTI, US), Chris Laverty (Grant Thornton UK LLP) and Cos Borrelli (Kroll, Asia Pacific) is that advisory roles in restructuring have remained surprisingly limited across various jurisdictions, despite significant economic headwinds. In some jurisdictions though, that may soon change. US restructuring activity is picking up very slowly. Americans are experiencing the worst inflation in decades. However, the interest rate rises from the US Federal Reserve Bank…