Breaking news: Court grants further relief for personal liability and rent

This afternoon Justice Markovic granted the further orders sought by the Administrators of the Colette by Colette Hayman retail group in relation to their personal liability position. These orders extend orders made on 1 April 2020 in Strawbridge (Administrator), in the matter of CBCH Group Pty Ltd (Administrators Appointed) (No 2) [2020] FCA 472 for […]

Is COVID-19 a material adverse change or material adverse effect?

The global economy faces a period of significant uncertainty. Governments around the world have intensified restrictions on both business and consumers to halt the spread of COVID-19. This has led to deteriorating economic conditions and changes in consumer behaviour, which may adversely impact the capacity of borrowers to comply with their obligations under their existing […]