A company is restricted from financially assisting a person to acquire its shares unless it complies with section 260A of the Corporations Act 2001 (Cth) (Act). This article outlines the key considerations in determining whether financial assistance is being given by a company and identifies how to ensure compliance with the provisions of the Act.
Important update to our previous article titled 'Insolvency Safe Harbour - Update for Directors' dated 26 August 2020.
A must read for directors: James Stevenson, Consultant provides a useful update to directors as the date that temporary insolvent trading protections will end looms.
In our previous article, we summarised the elements of the second economic stimulus package announced by the Australian Government. As anticipated, the associated legislation has now been enacted. In light of the legislation and further announcements made over the past week, we now provide an update for directors on the impact of the temporary relief measures.
Mergers and acquisitions | Corporate and Commercial
In this short article we provide some commentary on what we’ve seen in the M&A market since our last M&A update, both locally and nationally, through our continued involvement in a range of transactions, and recent trends as we move into a new calendar year.