Helping companies restructure by improving schemes of arrangement

KPMG's submission in relation to Treasury’s consultation on improving schemes of arrangements to better support insolvent companies.

KPMG understands that Treasury’s consultation paper is requesting feedback as to: “…whether the lack of a moratorium during the consideration and formation of a scheme is impacting the utility and usefulness of schemes as a means of restructuring insolvent companies”. In responding to the consultation paper, KPMG notes the following: schemes of arrangement are designed to restructure companies that are currently solvent. The introduction of an automatic moratorium would fundamentally c...

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Authors: James Stewart, Robyn Duggan,

Published Date: 11 November 2021