News & Insights

Discover the latest insights and developments across the corporate restructuring landscape.

FILTER NEWS

Spotlight on Insolvent Trading and DOCA rulings

Spotlight on Insolvent Trading and DOCA rulings

A recent appeal judgement in a DOCA termination case, drew attention to the reasons a DOCA is liable to be set aside. However, the Appeal Court disagreed with the Primary Judge that the Company was insolvent prior to Administration. We discuss why...

Spotlight

DOCA

Insolvency

22ND JAN 2025

Spotlight on Safe Harbour - Asic tighten up regulatory guidance

Spotlight on Safe Harbour - Asic tighten up regulatory guidance

Following the Safe Harbour Panel Review, ASIC has now provided “Plain English” regulatory guidance in relation to aspects of Safe Harbour, that will be of help to both Advisors and Directors.

Safe Harbour

Insolvency

Spotlight

20TH JAN 2025

Welcoming Rebecca Wilson and launch of the Brisbane Office

Welcoming Rebecca Wilson and launch of the Brisbane Office

Wexted are pleased to announce the opening of a permanent home in Brisbane, and welcome our new Director, Rebecca Wilson who will lead our presence in that market

Spotlight

About

Insolvency

16TH JAN 2025

The Turnaround Podcast: Spotlight on Safe Harbour with Michael Catchpoole

The Turnaround Podcast: Spotlight on Safe Harbour with Michael Catchpoole

We are now seven years into the Safe Harbour Law. It started with a whimper, but where are we right now? Join Wexted's Joe Hayes and Andrew McCabe, together with Corrs' Michael Catchpoole, as they discuss the good, the bad and the nail-biting aspects of Safe Harbour.

Diversions

Advisory

Services

15TH DEC 2024

The Turnaround Podcast: The Rugby World Cup with Phil Kearns

The Turnaround Podcast: The Rugby World Cup with Phil Kearns

In a Wexted exclusive, Australian Rugby legend Phil Kearns talks to Joe Hayes about Australia's successful Rugby World Cup bid and the impact RWC 2027 is set to have on the sport and the Australian economy.

Diversions

Advisory

Services

15TH DEC 2024

Spotlight on new staff at Wexted

Spotlight on new staff at Wexted

We're delighted to have several new starters joining us — welcome Nisha, Erin and Calvin to the Wexted family! The Wexted team keeps growing...

Spotlight

About

16TH DEC 2024

Spotlight on sales

Spotlight on sales

What should Receivers and VA’s commercially consider when structuring sale processes, to both meet the requirements of the law and get timely, valuable and risk-free outcomes?

Receivership

Spotlight

6TH DEC 2024

Spotlight on Small Business Restructuring

Spotlight on Small Business Restructuring

SBR Specialist Jessie Wang provides an update on ASIC's latest Restructuring Plan Template and the impact it could have...

Small Business Restructuring

Spotlight

6TH DEC 2024

Spotlight on Safe Harbour - Leap of faith

Spotlight on Safe Harbour - Leap of faith

There have been concerns with the subjective nature of the use of the words “a person starts to suspect” insolvency to enliven the Safe Harbour test, what is being done to clarify the concept of “Suspicion of insolvency’ in Section 588GA?

Safe Harbour

Insolvency

Spotlight

16TH DEC 2024

Diversions: I’ve had it for ages doctor but its started changing colour!

Diversions: I’ve had it for ages doctor but its started changing colour!

When analysing business collapse, we look in hindsight.  In doing so, we often confuse the causes of insolvency and failure in a business, with the symptoms we should see that predict that event.  Causes are generally controllable, or preventable, symptoms are not, but they are identifiable, and does early identification mean early treatment?

Safe Harbour

Insolvent Liquidation

29TH NOV 2024

Spotlight on Reform

Spotlight on Reform

The Parliamentary Joint Committee on Corporations and Financial Services released its report into Corporate Insolvency in July 2023, more than year ago, signaling a comprehensive review of the Corporate Insolvency Regime was needed. What has happened since? Is it ‘an impenetrable quagmire’ as suggested in the Safe Harbour Panel Review?

Insolvency

Spotlight

16TH DEC 2024

Diversions: Rugby

Diversions: Rugby

Wallaby Legend and Wexted Advisor Simon Poidevin played 59 Tests for Australia, captaining his country four times. He is a feature writer for the AFR, and as a Grand Slam winner in 1984, is uniquely placed comment on the 2024 Spring Tour and the Wallaby ambitions to repeat the triumph of the 1984 Grand Slam team.

Diversions

29TH NOV 2024

Charge it to my head and not my heart

Charge it to my head and not my heart

During the US Presidential Election, we have been witness to a lot of ‘speeches’ by both candidates, some of which have been good, some bad, some self-serving, some frankly patronising and offensive.

About

4TH NOV 2024

Conference Updates – Wexted Advisors Continues to Support Industry Bodies and Networks

Conference Updates – Wexted Advisors Continues to Support Industry Bodies and Networks

At Wexted, we’re fortunate to be able to show our support and share our expertise across an extensive range of restructuring and insolvency bodies and networks. Here’s a quick update on what we’ve been up to and what peaked our interest.

Insolvency

Restructuring and Turnaround

About

4TH NOV 2024

RESTRUCTURING FOR CROSS-TASMAN SUCCESS

RESTRUCTURING FOR CROSS-TASMAN SUCCESS

Joe Hayes of Wexted, together with Josh Cairns, Orla McCoy and Scott Abel participated in a panel at the Banking and Financial Services Law Association conference on the Gold Coast in September, focussed on distressed workouts and the collective Australian and New Zealand approaches to managing insolvent trading and wrongful trading risks.

Restructuring and Turnaround

4TH NOV 2024

Spotlight on Jessie Wang, SBRP

Spotlight on Jessie Wang, SBRP

Wexted Advisors Small Business Restructuring Product continues to grow, led by Jessie Wang.

Small Business Restructuring

4TH NOV 2024

RISK VS REWARD - THE RISK OF ADMINISTRATOR LIABILITY

RISK VS REWARD - THE RISK OF ADMINISTRATOR LIABILITY

What characteristics should a potential appointee consider, where a company is insolvent and needs to appoint an Administrator, but appointees are having difficulties determining the risk.

Safe Harbour

Insolvent Liquidation

4TH NOV 2024

CASTING VOTE IN COMLEK WAS FOR A PROPER PURPOSE

CASTING VOTE IN COMLEK WAS FOR A PROPER PURPOSE

The recent decision in Commission of State Revenue and Andrew McCabe and Ors is a timely reminder of the objectives of Part 5.7 of the Corporations Act 2001 and the termination of DOCA’s on the grounds of public interest.

Insolvency

4TH NOV 2024

WEXTED ANALYST IS A WARATAH

WEXTED ANALYST IS A WARATAH

Wexted Advisors analyst Ben Sugars topped off a great season for Randwick Rugby Club with his selection this year in the NSW Waratahs Super Rugby Pacific squad.

Home

About

4TH NOV 2024

SAFE HARBOUR – IS IT FIT FOR PURPOSE?

SAFE HARBOUR – IS IT FIT FOR PURPOSE?

The recommendations from the Government’s Review of the Insolvent Trading Safe Harbour in late 2021 are – finally - now partly implemented. Safe Harbour is getting regular use, and gets a tick of approval, with refinement needed. But what exactly has happened, and how will reforms improve the legislation?

Safe Harbour

Restructuring and Turnaround

28TH OCT 2024