THE TURNAROUND
Get to know our new leaders and muse on the latest in litigation and Safe Harbour
A very warm welcome to the third edition of The Turnaround and our first for 2025.
Wexted have had a great start to the year, celebrating the opening of offices in Brisbane and Melbourne! In this edition we introduce a new generation of leaders in Chris Johnson, Chris Sequeira and Rebecca Wilson, and tease our upcoming podcasts. We also muse on the pitfalls of litigation, solvency in the Canstruct/Seafarms case and the new ASIC guidance on Safe Harbour. We hope you find the articles insights informative!
The Latest from Wexted
The Turnaround: New Leaders Q&A
With new offices in Melbourne and Brisbane and three new experienced leaders joining the Wexted team — we thought now is the perfect time to get to know Chris Sequeira, Rebecca Wilson and Chris Johnson a little bit better.
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Diversions: Litigation - There's a whole lot of relevance in the circus
For distressed or insolvent companies, sometimes the major route to recovery is tied up in a legal cause of action. However, a misguided approach to litigation can end badly. We look at the features and limitations of litigation — with the assistance of the Marx Brothers...
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Not-to-be-missed upcoming podcasts from the Wexted team
We have a number of new podcasts under production that we look forward to sharing with you! Here is just a sample of the topics you can expect during March, all of which touch on the links between business and restructuring and feature topics relevant to our work and clients, as well as some broader themes.
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Spotlight on Solvency : Insolvent Trading considered in Seafarms case
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...
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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.
Read the articlePublished February 2025
