Directors Briefing: Safe Harbour Revisited - How the reforms are working in practice

The Safe Harbour legislation was enacted 2 years ago. It was designed to provide an environment where directors could safely attempt to restructure businesses outside of formal insolvency without fear of being liable for the businesses debts. In this session, we’ll discuss how the legislation is working in practice and explore some of the practical issues encountered in the cases worked on by the presenters.

The intent of the legislation is to avoid the value destruction and loss of jobs and business that can occur in a formal insolvency appointment, and encourage more informal restructurings.

As part of the new regime, the legislators built in a formal review period to determine if the legislation needed any further changes. With that review underway, it is timely to provide directors with an update on how the legislation is working and the benefits and pitfalls that have been encountered to date.

In this session, we’ll discuss how the legislation is working in practice and explore some of the practical issues encountered in the cases worked on by the presenters.

Presenters:

  • ​Scott Butler; Partner, McCullough Robertson
  • Michael Fingland; Executive Director, Vantage Performance
  • Richard Hughes; Partner, Deloitte

Time: 7.15am - 9.00am

Cost:

  • AICD Members: A$50.00 per person
  • Non-Members: A$65.00 per person

AICD Members who attend will accrue 5 DPD units

 

Last updated 02 Jan, 2020
Creative Commons Attribution-NoDerivs 3.0 Australia (CC BY-ND 3.0) ( http://creativecommons.org/licenses/by-nd/3.0/au/ )
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