Australian Proposal Seeks Safe Harbour for Insolvent Companies’ Directors
Share
Australian Proposal Seeks Safe Harbour for Insolvent Companies’ Directors
By Zina Edwards, Special Counsel, K&L Gates LLP
Directors of Australian companies face some of the world's harshest penalties for continuing to trade a company while that company is insolvent.1 These penalties include civil liability of up to AU$200,000 (more than US$150,000), unlimited compensation penalties, and even criminal...
We hope you enjoyed your free content!
To continue, please become a TMA member.
Access the Journal of Corporate Renewal and other content in the Learning Link.
Become part of a global organization of turnaround and restructuring professionals with 52 Chapters and more than 400 events each year.
Build your personal brand and professional network with opportunities to connect, speak, lead, and win awards.
Zina Edwards is a special counsel at K&L Gates’ Sydney, Australia, office, specializing in restructuring and turnaround. She has extensive experience advising major trading and investment banks, syndicates, funds, and public companies in relation to various high-profile and complex financial turnarounds, restructurings, and special situations. Edwards has worked on a large number of distressed and performing portfolio sale transactions in Australia and across Asia, acting for both purchasers and sellers. She also has experience acting on leveraged and structured finance transactions.