Author

Peter Lucarelli

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Some of the key insights were: The panel unanimously agreed that the global economy had been simmering in the background for quite some time. Corporate debt had reached historic levels by the end of 2019 and global economies were moving into troubled waters. The panel agreed that the pandemic layered on top of significant market disruptions that already existed. The need for strong leadership by governments and business leaders in the face of adversity was…

In brief Even with the fiscal stimulus and other measures taken by the Federal and State governments in Australia, corporate insolvencies are likely to increase in coming months. Under Australia’s insolvency regimes, a distressed company may be subject to voluntary administration, creditor’s voluntary winding up or court ordered winding up (collectively, an external administration). Each of these processes raises different issues for the commencement and continuation of court and arbitration proceedings.In this alert, we consider the…