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Michael Murray’s on-going commentary on issues in corporate and personal insolvency law and related policy and law reform, in Australia and internationally. Given the scope of insolvency, this extends to business, consumer and professional conduct, and ethics, governance and regulation, criminal, tax, environmental and administrative law, and the courts and government.

 

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 reactive regulation; and even down to the adoption of bankruptcy measures like 139ZQ notices.

These and other ideas originated in our joint 2013 INSOL paper given in the Hague, and our other writings.

But the one important reform we support is missing – a joint insolvency regulator.

These and other issues will be developed further in the forthcoming 10th edition of Keay.

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