In Greek mythology, the phoenix is a mystical bird that, at the end of its life cycle, ignites into flames. A new young phoenix rises from the ashes of the old. In business terms, a phoenix transaction is one whereby assets are transferred from an insolvent company into a fresh compan
You may have heard of the expression Testamentary Trusts. Such Trusts are quite common in Australia although their purpose and the benefits that can be obtained from them are not well understood. A Testamentary Trust is a Trust created by a persons Will. The Trust comes into existence
