Can I get paid now? The Pros and Cons of the proposed Insolvency Amendments in response to the COVID-19 Crisis

In order to combat what would seem to be a quick snatch and grab at debts, the Federal Government has announced as part of its stimulus package, that it proposes to make temporary changes to Australia’s insolvency laws to seek to combat and/or alleviate the impact the COVID-19 outbreak continues to have on individuals, businesses and significantly, the economy.

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COVID-19 Crisis and the Australian border shutdown

Madison Marcus has received numerous enquiries with respect to intending travellers, bridging visas, bridging visa holders and temporary visa holders. From 9pm AEDT 20 March 2020, only Australian citizens, residents and immediate family members can travel to Australia. All travellers to Australia are required to self-isolate for 14 days, either at home or in a hotel. Our Immigration and Global Mobility experts have prepared a comprehensive guide to the new restrictions that will be in place from 9pm AEDT 20 March 2020 Travel restrictions are subject to change. Please check back regularly for updates from our Global Mobility & Immigration Law experts.

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How to protect the health of your business during the COVID-19 Crisis

In the same way that we are all looking to solutions to keep our society protected, there are special measures that many businesses can take to ensure that they ultimately remain solvent. Madison Marcus’ Head of Restructuring and Insolvency, Gerard Breen, has examined the rapidly developing situation for businesses and what measures they can take to ensure that they survive this crisis before calling in the administrators

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