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2009 Liquidators Lunch, Wednesday, 25 February 2009

Business Lunch

Tony McGrath, Chairman, McGrathNicol; Roger Corbett AO, Director, Wal-Mart; and Steve Sherman, Partner, Ferrier Hodgson were interviewed by Andrew Main, Business Editor, The Australian at the 2009 Liquidators Lunch on the current status of the rise and fall of corporate Australia. This event was generously partnered by Mallesons Stephen Jaques.

ABC Learning, Allco, Centro, Opes, 1,500 companies in November alone….are these the start of more corporate collapses sideswiped by the Global Financial Crisis?

What is the ripple effect throughout the business and community sectors caused by these corporate failures: lost jobs, unpaid debts leading to further corporate collapses; reduced business and consumer confidence; a spiralling recession…?

Are boards placing companies into voluntary administration too quickly? Has the corporate regulator overstepped the enforcement of insolvency trading laws or does it need to do more? What do investors expect as company values plummet?

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Photography by Ingrid Shakenovsky []

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