Insolvency Law Bulletin – special law reform double issue

The latest Insolvency Law Bulletin (INSLB) is a special insolvency law reform double issue covering various aspects of the changes being introduced by the Insolvency Law Reform Act 2016, as well as further reforms here and in New Zealand.

Articles include:

Insolvency Law Reform Act 2016:

practical implications for insolvency practitioners

“While the operation of certain provisions remains debated and we expect further amendments from Treasury, the intention of this article is to highlight certain practical implications for IPs”.

Issues for solicitors

“the amendments may have an impact on the advice that solicitors give to their clients in relation to insolvency administrations ,… with a number of unforeseen consequences “. 

Commencement of the Insolvency Law Reform Act 2016: is the tail wagging the dog?

“When did or does it all start?”

Decision time

“The ILRA has missed the opportunity to clarify an important question regarding the 60 day time limit for challenge to the conduct of trustees under the Bankruptcy Act”.

Insolvency practitioner remuneration under the new law and post-Sakr Nominees

“The decision in Sakr is timely because while s 473 is soon to be repealed, the factors in s 473(10) are replicated in the new corporate insolvency law and they will also apply to the remuneration of trustees in bankruptcy”.

 A new path for those practitioners only doing receiverships

“One reform that has flown a little under the radar is the category of corporate insolvency practitioner that has “conditions” attached …”.

Designated for assignment

“Insolvency practitioners are now participants in a brand new market created by the ILRA, the sale of voidable transaction claims …”.

 Insolvency Law Reform — corporate disciplinary committees and natural justice

“How is natural justice ensured, or not?”

New Zealand moves to disrupt phoenix activity

“Among proposed NZ reforms are a number of provisions targeted at reducing phoenix company abuse”.

Liquidator’s remuneration: Sanderson as Liquidator of Sakr Nominees Pty Ltd (in liq) v Sakr

“Senior Counsel’s analysis of the decision of the five-member Bench of the NSW Court of Appeal”.


A unique gathering of articles on these important new reforms and a necessary read.


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