Hamilton Locke partner Nick Edwards features in Lawyers Weekly, reflecting on the projected increase in formal insolvencies likely to follow the upcoming federal election and the reasons for this.
Nick states that an increase in distress later this year is inevitable, irrespective of who wins the election.
Nick also notes the increased insolvency and restructuring activity,
“…. will continue over the course of 2023, as many of the zombie companies that survived on government life-support alone are finally dealt with and pressure mounts on underperforming businesses to take action, including to restructure or to directly address issues that are persisting beyond the pandemic”
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