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CreditorWatch Blog

Insolvency

New anti-phoenixing laws enforced in court – more power for liquidators

New anti-phoenixing laws enforced in court – more power for liquidators

Reading Time: 2 minutes New laws give liquidators expanded powers to claw back funds. By Nathaniel Kitingan, Managing Principal Lawyer – Melbourne and Tim Puget – Associate at Macpherson Kelley. Anti-phoenix laws were introduced in 2020, however, it wasn’t until early May that a judgment enforced these laws in Court, setting out clear precedent for future cases. In the case […]

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Podcast: Business Risk Index – March 2022 Insights

Podcast: Business Risk Index – March 2022 Insights

Reading Time: 6 minutes In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and index creator James O’Donnell from Open Analytics discuss the key insights. Key Business Risk Index insights for March: Trade receivables and credit enquiries up, indicating the economy many have reached a turning point for trade activity. […]

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CASE STUDY: Probuild collapse – avoiding failures like this is possible

CASE STUDY: Probuild collapse – avoiding failures like this is possible

Reading Time: 5 minutes The Foreign Investment Review Board (FIRB) has been criticised in several quarters for helping to trigger last month’s collapse of Probuild through its refusal to approve a $300 million takeover of the company by state-owned China State Construction Engineering Corp on national security grounds. But would this takeover have actually saved Probuild? Not likely, according […]

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What are zombie companies and how do you identify them?

What are zombie companies and how do you identify them?

Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]

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