General

Where’s an economist when you need one?

R3 in the UK has commented on a recent OECD Report, about which we gave some views when it came out, in July 2017. As R3 says, the OECD report has concluded that the UK’s insolvency and restructuring framework is the most effective at “preventing …

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General

Codes of conduct

Codes of conduct need to remain in step with on-going changes in the commercial and business worlds in which they operate.  Otherwise they lose their relevance and purpose. That could then lead to a point where compliance with a Code is found to be contrary …

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General

Keay – phoenix reforms

It is good to see that that several reform issues raised in my and Jason Harris’ textbook, Keay’s Insolvency, appear in the government’s anti-phoenix paper – as to a government liquidator, and funding of liquidators; dealing with abandoned companies; a focus on preventive rather than …

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Uncategorised

Surveillance /səˈveɪl(ə)ns/

“close observation, especially of a suspected spy or criminal”: Oxford Dictionary. In relation to professional and industry regulation, as relevant, a website count of the regulators’ use of the term “surveillance” shows these numbers: AFSA                          3 ATO                           29 FMA NZ               …

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Uncategorised

The new insolvency laws – their benefits

The changes effected by the Insolvency Law Reform Act 2016 are now law with some parts having commenced on 1 March 2017 with the remainder on 1 September 2017. Any new law causes some disruption but it can also serve to clean out some of the …

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Uncategorised

The fine print in an ASIC form

With Australia’s new insolvency laws commencing this Friday 1 September, there is a late flurry of activity from the legislature to tidy up the Acts, Schedules, Rules and Regulations that will now apply; from the Courts in updating their rules and processes; and from the …

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