Peter Gothard speaks to Sydney Morning Herald on the future of insolvency laws

Peter Gothard, Partner in our Sydney office spoke to the Sydney Morning Herald on the current and future insolvency laws and what the new rules to encourage turnaround mean for businesses.

Peter comments in the article that “The personal liability element puts a lot of pressure on directors and they can get distracted by their personal exposure rather than turning all their attention to trying to solve the problems of the company. So the idea is to change the thinking a bit, to try and rescue these companies rather than trying to sell them off or divvy up their assets.” Read the article here.

 

article clipping