Vehicle production is based on a supply chain system. During a pandemic, the risk increases that not all links in the chain will function properly. It is worth considering this risk in the context of restructuring and bankruptcy law.
In a well-organised system, parts arrive on the production line “just in time.” The just-in-time system requires excellent logistics and management of the organisation and close cooperation between its participants.
Hogan Lovells Publications | 06 May 2020
Five things retailers should consider in the COVID-19 era
It is fair to say that my initial reading of the Building Industry Fairness (Security of Payment) Act 2017 (BIFA) a little over 12 months ago left me shocked in terms of the sheer scale and magnitude of the reforms and changes proposed to be imposed on the industry.
Samantha Gilbert speaks to compliance leaders from the healthcare, financial services, insurance, IT and commercial sectors on what to expect from the new “business as usual” and enforcement. Conduct reviews, increased regulatory scrutiny and long-term digitisation are some key issues for compliance teams to prepare for.
Hogan Lovells Publications | 29 May 2020
Implications of COVID-19 on the Australian Mining Industry
Key Notes:
In a tough economic climate, the construction industry faces numerous challenges including managing adequate cash flows to ensure timely payments to subcontractors and suppliers occur. Over the last 6 months, a number of mid-tier builders have encountered severe financial challenges with several going into some form of insolvent external administration.
Everyone loves a bargain – accordingly, there is a lot of interest when liquidators and other insolvency practitioners put a business up for sale. Purchasers jostle like shoppers in the Myer stocktake sale, trying to position themselves as the perfect purchaser. At the same time they try to convey their concern about the value of the business or assets – everyone expects a discount for a distressed business.
Section 11.4 of the CCAA requires that persons identified as critical suppliers to a debtor company continue to provide goods and services on terms and conditions with the existing supply relationship.
As the country recovers from the shock outcome of last Thursday’s Referendum, the question which Restructuring professionals must now consider is “what does Brexit mean for me?”. The truth is that nobody really knows. The Referendum decision is not legally binding on the UK Government and the process of the UK leaving the EU will only start once the UK has served formal notice on the EU pursuant to Article 50 of the Treaty on the European Union. This will start a two year negotiation period to effect Brexit.