Virtual Panel Series – UNCITRAL Texts and COVID-19 Response and Recovery – MSMEs and access to credit and secured lending
An interest group in Australia, the UNCITRAL Coordination Committee for Australia (UNCCA), has a role in monitoring and attending UNCITRAL[1] sessions including those of UNCITRAL’s Working Group V – Insolvency. Its representatives attended part of an on-line session on the difficulties caused for MSMEs worldwide by the COVID-19 crisis. The MSME session, and access to […]
Liquidators’ remuneration in Halifax referred to a referee
Going back some years, Australia rejected a single insolvency regulator for its personal insolvency practitioners on the one hand, and its corporate insolvency practitioners on the other;[1] 90% of whom are registered as both. Separate regulation was maintained and continues. Even when major harmonising reforms were enacted in 2016, that decision was not revisited. Each […]
Bankruptcy – ‘the Court looks with suspicion on consent judgments and default judgments’
It is not often that a bankruptcy court will go behind the judgment upon which the creditor’s petition against the debtor is based. But there is a fundamental position taken that this can be done if there is some doubt as to whether there was in fact a debt due by the debtor to the […]
