The administrators of Virgin Australia will not have to pay the troubled carrier’s aircraft and other lease payments, after a court granted them a temporary exemption from liability.
Voluntary administration was the only option for Virgin, and the extraordinary circumstances surrounding the airline’s decline could present a unique opportunity for the administrators to push the boundaries of corporations law, according to insolvency experts.
Sparke Helmore has become the latest law firm to take steps to control costs in response to the coronavirus pandemic, announcing that it will suspend salary increases for the next financial year.
The Department of Home Affairs has failed in its duty protect an individual housed in an immigration detention centre from contracting COVID-19, according to a lawsuit which claims the cramped facilities are as vulnerable to outbreaks as cruise ships.
Slater and Gordon’s directors and senior executives have taken a voluntary pay cut of up to 15 per cent in a move aimed at giving the firm flexibility to respond to the COVID-19 pandemic.
Victoria will allow judge-only trials as part of a raft of temporary new laws to be put in place to manage the COVID-19 pandemic.
As the COVID-19 crisis leaves tens of thousands unemployed and charities struggling, law firms are responding by offering assistance to those in need through expanded pro bono work and community outreach programs that provide assistance to the country’s most vulnerable people.
Embattled Virgin Australia has entered voluntary administration after the Morrison government knocked back its plea for a $1.4 billion lifeline, the airline confirmed Tuesday.
HopgoodGanim will cut equity partner income by 50 per cent and staff salaries and hours by 20 per cent for up to six months to preserve jobs and ensure the sustainability of the firm during the coronavirus pandemic.
In response to the COVID-19 pandemic, lawyers are litigating from their lounge rooms and negotiating contracts on new technology platforms. While the profession has embraced the change, working from home exposes firms to specific IT security risks.