Payroll underpayment issues – where to start?

24 June 2020 | Janine Thompson

There is no end in sight to the flow of payroll underpayment claims hitting the headlines and the desk of FairWork Australia. The problems are indiscriminate, arising in organisations within a broad range of sectors, size and structures. Why are so many underpayments coming to light? Part of the reason may be self-perpetuating. The public disclosure of underpayments by high profile entities has prompted others to...

Forecasting in uncertain times: modelling lessons from COVID-19

16 June 2020 | Aldo Gutierrez

We have been exposed to multiple COVID-19 estimates, including the number of contagious, fatalities, rates and other metrics. These forecasts consistently change and we have seen significant differences in the projected numbers. The bombardment of estimates can become overwhelming and confusing, leaving people unsure of what to believe. The question is, why are some estimates so optimistic while others ...

IN RETAIL (NEW ZEALAND): COVID-19 special edition #4

9 June 2020 | Conor McElhinney & Nick Grady

Retailers received some much-needed relief following New Zealand’s downgrade of its COVID-19 response status from Alert Level 3 to Level 2 from 14 May 2020, allowing stores to re-open, with encouraging footfall and sales data. However, there are clear winners and losers when comparing retail subsectors and locations and retailers as a whole still face extreme uncertainty as the economic and social impacts of...

Five considerations when conducting a counterparty risk review

3 June 2020 | Barry Kogan, Chris Johnson, Emmanuel Hart & Rob Arthur

The current operating environment is unprecedented and many companies will be subject to increased financial and operational pressures. These pressures may lead to counterparties experiencing distress ranging from delayed payments for supply of goods to formal enforcement action. Conducting a review of your counterparties will allow you to understand how to best manage risk along the spectrum of financial hardship, minimise disruption to supply...

The value of your contractual dispute just changed –...

1 June 2020 | Matthew Ashby & Matthew Gold

Globally, many businesses are currently suffering negative financial impacts in the face of the COVID-19 pandemic. As economies have been gradually wound down to slow the rate of infection, demand for certain goods and services has reduced, both due to forced lockdowns by Governments and due to a reduction in discretionary spending by consumers. Parties claiming damages in commercial disputes, particularly those disputes on foot...

“The toughest year of our lives…” Managing through a...

28 May 2020 | Matt Fehon & Sara Deady

“A crisis like nothing we have seen before”, “economic tsunami” “the Coronavirus recession is here” “a hundred years on, will there be another Great Depression?” The magnitude of the COVID-19 crisis reminds us (those of us who are old enough to remember!) of September 11, the GFC, “the recession we had to have” and even World War II. Pivotal events that reshaped our world,...

Engaging with stakeholders in uncertain times

25 May 2020 | Sean Wiles & Adam Blogg

Managing through the challenges that COVID-19 is creating for business will require a significant amount of support from key business stakeholders. We are already seeing Government stimulus and a flexible approach by lenders to certain business groups in anticipation of a significant adverse economic impact. Effective communication is crucial in crisis management. Trust is essential and can be earned by being factual, transparent and truthful. As...

Looking Beyond: Optimise your capital structure and execute your...

22 May 2020 | Rob Arthur & Sean Wiles

This is the final part of our series focused on strategy. So far we have covered why you need a new strategy, some of the external factors that will shape your thinking, practical considerations in remobilising your business, how previous assumptions used to manage supply chain are no longer relevant and methods to capitalise on the key strategic opportunities...

Looking Beyond: Building resilience and assessing M&A opportunities

18 May 2020 | Rob Arthur & Sean Wiles

This is the third part of a series focussed on strategy. The first and second parts covered why you need a new strategy, some of the external factors that will shape your thinking and practical considerations in remobilising your business. Now we shift our attention to how some of the previous assumptions we used to manage our supply chain...

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