takeover - why so many lies last week?, page-8

their is a statutory first prefernce for employees.

however takes time to work out. suggest some businesses will be sold with employees and buyer often takes entitlements on.

Ansett employees got around 90 plus cents , but took years. system has changd since then.

what will be interesting is forge clients position in respect of bank guarantees they hold from forge. if forge down tools, expect clients to cash them quick smart and get a new contractor.

as usual, the insolvency profession ( i use that term loosely ) will dine out on this for quite some time.