All publications relating to ‘Corporate’
Corporate governance: High Court confirms its power to correct directors’ innocent mistakes
In Brief In a recent case the High Court has acknowledged that innocent mistakes can happen in relation to corporate governance and has unanimously confirmed the breadth of the Court’s power to correct such mistakes. Weinstock v Beck ([2013] HCA 14) concerned a family business, L W Furniture Consolidated (Aust) Pty Ltd (LWC), and a shareholder application…
How can an SME avoid business failure? Some useful tips to guide you.
In Brief Two recent surveys of SME business owners and their advisers revealed some key reasons why businesses fail. Reasons for failure According to a CCH survey, SME owners believe that most business failures are a result of poor cost management, whilst many of their advisers believe that failure is often due to a poorly-designed business…
Pre-packaged insolvencies
What is a pre-pack? At Swaab, we have seen an increase in “pre-packaged insolvencies” by distressed companies. “Pre-packs”, as they are known, are arrangements where the sale of all or part of a company’s business and/or assets is negotiated with a purchaser (often one associated with the company or its management) prior to…