Directors’ Briefing: A Safe Harbour from Insolvent Trading

Fri 2 Feb 2018
12.30pm to 2.00pm

(Arrival time: 12.00pm)
5 This event will earn you 5 DPD units


Level 23, Riverside Centre
123 Eagle St
Brisbane QLD


Single Members: A$45.00 Non-members: A$55.00

Richard Hughes MAICD

Partner, Deloitte
Richard leads the Queensland Restructuring Services team of Deloitte and has over 24 years professional experience at Deloitte. Prior to joining the Restructuring Services team, Richard worked with the audit and corporate finance teams. Richard specializes in advising banks, directors and management on distressed and restructuring situations. He is a registered liquidator, a member of the Australian Restructuring, Insolvency and Turnaround Association (ARITA), a member of the Turnaround Management Association and winner of the award for National Small Business Turnaround of the year for 2015. Richard has advised a range of businesses in need of restructuring, to produce successful outcomes.

Richard Kennerley

CEO, Rapid Securities
Richard has over 25 years’ experience in business, acquisition finance and corporate banking in the UK, Australia and Asia. Earlier this year he was appointed CEO of Rapid Securities, a peer-to-peer consumer lending FinTech business that was formed 14 years ago and is now undergoing substantial growth. Richard relocated to Australia from the UK eight years ago to assume the role of State General Manager of NAB, QLD and also headed up NAB’s Asian Business Banking strategy. Richard is also on the boards of Queensland Country Credit Union and the Brisbane Broncos Leagues Club. He is a Graduate of the Australian Institute of Company Directors and has recently completed an Advanced Professional Diploma in the role of Independent Non-Executive Directors and Corporate Governance with the Financial Times in Hong Kong.

Reece Walker MAICD

Partner, McCullough Robertson
Reece is a leading capital markets lawyer with extensive transactional experience in public and private capital raisings, mergers and acquisitions, and restructures. Reece’s broad experience includes applying his knowledge of the Corporations Act and ASX Listing Rules, as well as advising on governance, stakeholder management, employee share and option plans, and general commercial issues. Reece has been consecutively rated as a leading capital markets lawyer by Asia Pacific Legal 500. His work has covered the life sciences, technology, telecommunications, travel, food and agribusiness, engineering and resources sectors. His clients include multinational corporations, ASX listed companies and early-stage companies with high growth potential.

Scott Butler

Partner, McCullough Robertson
An expert in turnarounds and restructures, Scott often works collaboratively with other turnaround and restructuring professionals, assisting with and documenting financial restructures and advising company directors in relation to their duties. He advises on all aspects of administration, liquidation, receivership and bankruptcy, combining his industry knowledge with strong technical and dispute resolution skills to provide innovative, commercial and cost-effective solutions, often negating the need for a formal insolvency. A Fellow of INSOL International and an expert in cross-border insolvency law, Scott regularly presents on cross border matters and is published on a number of restructuring and insolvency matters.
The introduction of Australia’s new safe harbour provisions provides an opportunity for restructuring distressed companies.

It is a major change in directors’ risk landscape and a positive development for restructuring in Australia. Directors can now explore turnaround options that achieve a better outcome for the company, while being protected from liability for insolvent trading.

Deloitte’s Restructuring Partner, Richard Hughes, will discuss the practical aspects for directors in conducting a restructure of a distressed company. Richard Kennerley, a seasoned director will provide insight into his recent experiences in restructuring one of the companies he is involved with.

The session will also include a legal point-of-view on the safe harbour legislation and directors’ duties from McCullough Robertson partners Scott Butler and Reece Walker. You will also have opportunity to put your questions to the panel.

Contact details

Qld Events Team
T. 07 3222 5500