64% drop in external administrations as insolvency relief measures are extended

In March of this year, the Federal Government announced a number of measures aimed at helping businesses and individuals stave off insolvency and bankruptcy (respectively) as COVID-19-related shutdowns brought large portions of the economy to a halt. Those measures included: an increase to the debt threshold at which a creditor

Long Anticipated Litigation Funding Reforms Come Into Effect

In May of this year, Treasurer Josh Frydenberg announced that litigation funders would no longer be exempted from laws relating to managed investment schemes nor the requirement to hold an Australian financial services licence. Many litigation funders and firms planning to run class actions on a contingency fee basis (following

Assessing Defendant Recovery Risk during the COVID-19 Pandemic

COVID-19 has put a range of industries, businesses and people under financial strain. This strain is likely to be felt more broadly and become more severe once current government subsidies, like JobKeeper, end. Financial strain will also become more pronounced for many businesses with a presence in Melbourne as metropolitan