AUDIO Case Study – Bankruptcy Protection – Virgin Australia in Corona

Description

In this episode of “IAX World of Contracts,” we explore the 2020 bankruptcy protection of Virgin Australia during the COVID-19 pandemic. Facing billions in debt, the airline entered voluntary administration and was eventually purchased by Bain Capital. This episode examines the legal and contractual challenges involved in renegotiating creditor agreements, restructuring debts, and managing layoffs, offering insights into how companies can survive financial crises through bankruptcy protection and corporate restructuring.

This episode is perfect for:

• Contract managers interested in crisis contract renegotiation and creditor management.
• Business professionals exploring bankruptcy protection as a tool for survival.
• Legal professionals examining creditor rights, bankruptcy laws, and corporate restructuring.

By the end of this episode, you’ll gain valuable insights into how contracts must be flexible, creditor relationships must be managed, and corporate restructuring can save a company from liquidation during extreme financial distress, just like Virgin Australia’s journey through the pandemic.