Articles on this website generally attract reduced readership if they are about bankruptcy rather than liquidation; or if they are about overseas law rather than local; or if they go into history, rather than the present. This article covers all three – nevertheless an interesting …
ASIC has released its new Report On Company Activities and Property (ROCAP), said to have been the result of an ‘extensive revision process and industry consultation conducted through an external consultant’. This is the report as to company’s affairs referred to in s 475 of …
Under s 136(1)(ca) of the ASIC Act, ASIC is required to report in its annual report on its activities under Chapter 5 and Schedule 2 of the Corporations Act, and the exercise of its information gathering powers, among other activities. Although not designated under s …
This UK government consultation concerns new arrangements proposed for a 60 day ‘breathing space’ for struggling debtors, and for a separate statutory ‘debt repayment plan’. The proposals focus on debtors not covered by existing bankruptcy and other alternative arrangements in the UK. Debtors must take …
It now seems that an old elephant in the room – about the misconduct of banks and financial institutions – has been revealed by the Hayne Royal Commission. Bleak as my comment may be, I suspect that if a Hayne were to inquire into many …
The UK government has announced in its 2018 budget that priority dividend payments will be made to the revenue for certain unpaid taxes of a company in insolvency – including VAT and PAYE. This will apply from 6 April 2020. The announcement rather cutely states …
The Corporations and Markets Advisory Committee (CAMAC) was a corporate law reform body comprised of individuals eminent in that field. It was created in 1983 and belatedly abolished in 2018,[1] although it had not operated since 2014. The reasons for its abolition were to do …
The Australian Academy of Law is presenting this session hosted by Curtin University Law School on 8 November 2018 in Perth, at 5.30pm, presented by Professor Paul Fairall. As he explains, ‘Australia has a population of 24m with 9 distinct State or Territory criminal law …
ARITA advises that it can now ‘begin conduct proceedings [against its members] based on evidence reported in the media’. Murrays Legal only reports matters substantiated in court, government, academic or other such sources. In any event, whether that be ‘evidence’ is another matter. While we …
Lawyers’ fees in class actions were the subject of a recent conference[1] paper by Sir Rupert Jackson, given in Melbourne, whose report in the UK has led to major costs budgeting reforms in the way lawyers must justify their fees. An Australian costs expert has …