TTF-Clayton Utz-Insights

11 February 2009

Welcome to Clayton Utz' newsletter for Tourism & Transport Forum members.

Our industry is in interesting times at the moment, with the global financial crisis playing itself out. We'll look at an important issue which is emerging for the industry: buying distressed assets and working out which is the winner - and which is the loser.

The financial markets are not the only changing environment, of course. Olivia Wirth, the Executive Director of the Tourism & Transport Forum, looks at the effect of climate change on some tourist icons, while members of the Clayton Utz team drill down to the particular problems of rising sea levels and coastal developments.

Climate Change and the Australian Tourism Industry

By Olivia Wirth.

The joke goes that climate change will do wonders for Australian real estate values, because more homes will have a water view, but as TTF Executive Director Olivia Wirth explains, it’s no joke that some of Australia’s iconic tourism destinations will suffer irreparable damage.

Buying distressed assets - picking the winner

By Nikki Robinson and Sheridan Joel.

Many will be tempted to snap up a bargain as distressed sellers hit the market, but as Nikki Robinson and Sheridan Joel explain, sorting out the bargains from the bad buys requires considering a range of issues.

Rising sea levels - a sea change for the courts and decision-makers

By Claire Smith.

Water views might be a drawcard to tourists, but they are also vulnerable to the effects of climate change. Claire Smith, Darren Bick and Melissa Leon explain the recent legal developments and their potential implications for owners and developers of coastal property.
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