Harbour Masters - safe harbour & restructuring blog

Welcome to Harbour Masters, where we offer insights and updates on the expertise and guidance available for the Directors of companies in need of advice in the face of stiff trade winds. Our updates focus on the critical business topics of restructuring, turnaround, and the availability of the new 'Safe Harbour' provisions, all designed to help companies renew, restructure, and rebuild. 

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Stefan Dopking

Stefan has over 30 years’ experience in corporate recovery and insolvency including valuable insights as a Senior Executive at the Australian Securities and Investments Commission (“ASIC”), where he was responsible for the organisation’s national insolvency and audit teams. With a focus on corporate receiverships, business reviews and financial health assessments for directors and lenders, Stefan is known for mediating outcomes in difficult appointments.

Recent Posts

Directors' governance prerequisites

26-Oct-2017 17:06:55 / by Stefan Dopking posted in Safe Harbour, Directors, Governance

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Directors cannot claim safe harbour if, at the time the debt was incurred:

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Potential implications for creditors

03-Oct-2017 10:24:00 / by Stefan Dopking posted in Safe Harbour, Creditors

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There is no restriction on a creditor to start recovery action against the company and director (if a personal guarantee was provided). This might include applying for the winding up of the company during safe harbour. As part of the restructure plan, the company shall be required to manage creditor claims to avoid such recovery actions.

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Who will seek Safe Harbour?

28-Sep-2017 09:46:00 / by Stefan Dopking posted in Safe Harbour, Users

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While all directors may use safe harbour, it is more likely to be used by medium to large sized corporations.

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Key Steps of the Safe Harbour process

13-Sep-2017 14:20:00 / by Stefan Dopking posted in Safe Harbour, Process

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Directors who take up safe harbour will need to ensure that appropriate steps have been taken for the company to comply with its obligations. Here is a potential framework that could be used to document, implement and monitor the safe harbour process:

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