By Natasha Hayne The term zombie company is a term used to describe a distressed company. These companies usually have extensive debt, with revenue that just enables them to just meet those fundamental running and fixed costs (rent, wages, interest […]
Presented by Jones Partners (Statistics obtained from AFSA website) Personal Insolvency Trends Insights from AFSA indicate the past few years recorded a sharp decline in cases of personal insolvency. AFSA have also projected that cases would begin to climb into […]
Presented by Jones Partners (Statistics obtained from ASIC website) © Australian Securities & Investments Commission Corporate Insolvency Trends The above statistics show a comparison in 2022, 2023 and base line (2017, 2018, 2019) highlighting the total numbers of administrations and […]
Presented by Jones Partners Re Intellicomms Pty Ltd (in liq) [2022] VSC 228. FACTS This case concerned the sale of assets belonging to Intellicomms Pty Ltd (facilitated by sole director Ms Haynes) to Technologie Fluenti Pty Ltd (“TF”), a company created […]
Presented by Jones Partners Kite (Trustee), in the matter of Murray (a Bankrupt) v Murray [2023] FCA 198. Kite v Murray is another contentious example of the murky, mingled waters of bankruptcy law, trust law, and legal presumptions. This case concerned […]
Presented by Jones Partners Scott’s Refrigerated Logistics Before entering liquidation in March of 2023, Scott’s Logistics was the largest frozen food distributor in Australia. In tandem with the usual high inflation, increased cost and labour shortages, Scott’s Logistics encountered a […]
Presented by Jones Partners Jim Chalmers’ literary debut addressing the shortcomings of Australia’s current capitalist model sent shockwaves throughout financial communities, with some labeling it a political ploy to garner support, whilst others raged, dismissing it as socialist rhetoric. However, […]
Presented by Jones Partners For as long as we can remember, bankruptcy has been a topic of taboo. Until the mid-19th Century, those unable to pay their debts were thrown into debtors’ prison, where they remained until the debts were […]
Presented by Jones Partners Cryptocurrency remains one of the most revolutionary, volatile, elusive, and misunderstood markets in the modern world. For those unfamiliar, cryptocurrency is a form of digital currency. Trading platforms allow for digital currency to be exchanged for […]
Presented by Jones Partners Bosanac v Commissioner of Taxation [2022] HCA 34 In the landmark High Court ruling of Bosanac v Commissioner of Taxation, a wife was able to protect the equity in her family home and prevent it from being […]
Presented by Jones Partners Inflation: 7.8 per cent Inflation remains troublingly high. This can be attributed to excess demand and soaring energy, oil and gas prices, a direct result of supply chain issues and sanctions originating from the Russian Federation […]
Presented by Jones Partners Pugwall Pty Ltd v Arthur McKenzie Investments Pty Ltd [2022] VSCA 272 FACTS This case involved a joint venture agreement between two, sole director companies, Pugwall (lead by director Mr Clark) and AMI (led by Mr […]