In Focus: Informal Workouts Safe Harbour
In this edition of In Focus we expand on informal workouts being one of the various corporate restructuring options.
If action is taken early, an informal workout may be able to be effected, without the stigma of a formal appointment, which could reduce the value of the assets of a company or lead to the loss of confidence of investors and/or customers. Furthermore, generally a formal appointment will involve additional costs, adverse publicity and result in an independent practitioner controlling the company’s business, property and affairs.
To discuss any information in this edition or for any structuring and insolvency matters, contact our team +61 3 9820 6400.