Date: Wednesday, 19 December 2018
Time: 10:30am to 11.30am
Venue: Kott Gunning Lawyers, Level 8, AMP Building 140 St Georges Terrace
Format: boardroom discussion
Cost: Register on Eventbrite for this free event or email events@kottgunn.com.au
Are you affected by the voluntary administration of RCR Tomlinson?
A lot has happened since our client briefing on 28 November about the voluntary administration of the RCR Tomlinson group of companies. The first meeting of creditors on 3 December 2018 revealed the full scale of the collapse. $250 million is owed to around 4,000 subcontractors and suppliers; over 130 landlords are affected; and there is over $30 million in employee entitlements owed to the group’s 2,800 employees.
The voluntary administrators are working feverishly to sell the company’s projects and assets. Their success or failure will determine the full extent of the losses incurred by creditors. If things don’t go well, these losses could be far greater than those caused by the collapse of the Forge Group in 2014.
This followup briefing will explain the significance of the matters disclosed in the creditor’s meeting on 3 December, and what you should be doing to protect yourself or your business from the likely outcomes of the voluntary administration process.
Who should attend?
- business owners
- property owners
- stakeholders
About the presenter?
Partner Tom Darbyshire regularly advises individuals, directors, liquidators, secured and unsecured creditors and businesses on all aspects of insolvency and reconstruction. He has acted in, advised on and written about Board disputes, recovery actions by external administrators and bankruptcy trustees, directors’ duties in an insolvency context and fiduciary duties of office holders.
Tom has particular expertise in the effect of insolvency on property rights and he regularly advises liquidators, trustees in bankruptcy, property owners, property managers, lessees and lessors about the impact of external administration on property ownership, building projects, leases, licences and planning issues.
For more information or if you have specific questions you would like addressed, email us on events@kottgunn.com.au
You might also be interested in the following articles –
RCR Tomlinson administrators in hunt for project funds, buyers
FORGING NEW LAW IN INSOLVENCY – CASES AND DEVELOPMENTS COMING OUT OF THE COLLAPSE OF THE FORGE GROUP