Hosted by Scott Butler, our Turnaround & Business Restructuring team examine the risks facing businesses, including tax and insolvency issues.
Listen to full episodes of Smarter Lawcast with Hall and Wilcox on Spotify, Apple Podcasts, Castbox, Google Podcasts or web browser.
Professional services firms: how to restructure equity and manage owner exits – part 2
Scott Butler, Jacqui Barrett and Nicole Tumiati discuss what happens when there’s a complete breakdown between the parties, what owners should keep in mind when negotiating a restructure involving the exit of an owner, and issues to consider if you are the person leaving the organisation.
Professional services firms: how to restructure equity and manage owner exits – part 1
Scott Butler, Jacqui Barrett and Nicole Tumiati discuss how professional services firms can restructure equity and manage owner exits, especially when things get tough. They look at the common reasons why a firm may change its ownership structure – both good and bad – and the key obstacles owners may face to negotiate an acceptable outcome.
Common tax issues in business restructures
Professional services firms: how to restructure equity and manage owner exits – part 1
Tax issues are core to any business restructure and must be considered at the beginning of any restructure planning. Scott Butler and Jim Koutsokostas discuss common tax and duty consequences, how these may differ from state to state, and why involving a tax lawyer early in the process can help avoid some nasty surprises later.
Safe harbour and insolvent trading
Scott Butler and Mark Petrucco discuss how safe harbour provisions protect directors against potential insolvent trading liability while restructuring companies, how to access the provisions, and the importance of engaging good advisors to steer the right course.
When is a director personally liable for a company’s outstanding tax debts?
Scott Butler and David Dickens discuss how a director may become liable for unpaid taxes under the Director Penalty Regime, why it’s critical that directors lodge activity statements, and what options are available if a director receives a Director Penalty Notice.
Key contacts
Scott Butler
Partner
Scott is a leading commercial dispute resolution lawyer with over 25 years' experience in restructuring and insolvency.
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David Dickens
Partner
David is a leading dispute resolution lawyer providing expertise in restructuring, property and general disputes.
More about David
Mark Petrucco
Partner
Mark is a commercial disputes lawyer with experience working with banks and wealth funds, specialing in corporate insolvency.
More about Mark
Jim Koutsokostas
Partner
Jim is a experienced lawyer and Chartered Tax Advisor, providing expert advice on corporate and trust tax matters.
More about Jim
Jacqui Barrett
Partner & Head of US Desk
Jacqui assists clients with mergers and acquisitions, corporate structuring, capital raisings and managed investment schemes.
More about Jacqui
Nicole Tumiati
Partner & Retail & Consumer Goods Leader
Nicole has over 20 years' experience as a corporate & commercial lawyer, both in Australia and the United Kingdom.
More about Nicole
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