It would be difficult to not be aware of the growing concerns in regards to the developing global crisis and the impact a recession would have on the Australian market place and regional businesses.

At Sajen legal we share your concern and would like to take this opportunity to introduce you to our services that may be of benefit to you and your clients.Sajen legal is widely recognised as the Sunshine Coast and surrounding regions’ only insolvency and bankruptcy law specialist.  We regularly act for local and national insolvency practitioners (liquidators and bankruptcy trustees), government agencies, corporations and individuals in insolvency and restructuring matters.Sajen and its partners and staff have an ongoing commitment to regional Queensland and its success. As a reflection of that commitment, Sajen legal has determined to provide ‘no obligation’ consultations with you and your clients on the following matters:

• Asset Protection;
• Director’s Duties;
• Director’s Penalty Notices and Statutory Demands;
• Winding Up and Bankruptcy Applications;
• Insolvent Trading;
• Insolvency and Bankruptcy;
• Director, Shareholder and Partnership Disputes;
• Business Turnaround and Restructuring; and
• Taxation enforcement and objection issues (both involving the OSR and ATO).

To provide more background, the typical matters in which we are involved are probably best illustrated by these recent examples:

1. The implementation of a comprehensive restructure and turnaround strategy for a corporate group holding in excess of $25M assets which was subject to a $5M payroll tax liability at the same time its financier chose not to renew the Group’s facilities.  This involved the winding up of two of the Group while at the same time conducting detailed objection and exemption applications and negotiating with the Group’s financier to obtain forbearance on favourable terms;
2. A restructure and turnaround of a substantial formwork and labour hire company which eliminated $3M taxation liabilities and enabled the company to move on successfully;
3. Acting to protect directors of a company from insolvent trading actions and s.222AOE penalties by placing a company into administration and subsequent Deed of Company Arrangement on favourable terms;
4. Advising of the boards of a number of public companies on their respective duties in the context of insolvent trading and duties under the ASIC Act and Corporations Act 2001;
5. Acting for creditors in the Opes Prime Stockbroking Ltd administration and liquidation (with $7M+ claims) including liaison with administrators and receivers, investigating and pursuing claims (against banks, directors et al), attending creditors meetings and advising on the liquidation process;
6. Arranging the assignment of securities through the rights of subrogation and exoneration to protect creditor’s positions and isolate recalcitrant directors and shareholders through the enforcement of those securities; and
7. Making application for the appointment of receivers and provisional liquidators to bring a speedy and satisfactory end to numerous partnership and proprietary company deadlock disputes.

On prior arrangement we can also provide seminars to both your clients and staff should you wish a more comprehensive update on the relevant principles and how best detail with the myriad of attendant issues.  We also encourage you to log onto our website at http://www.sajenlegal.com.au/ for a more comprehensive outline of the services provided by Sajen legal.  We look forward to being of assistance