An insolvency safe harbour based on culture and tradition?
For years Australia had no ‘safe harbour’ protection for directors from insolvent trading. In 2017, one was introduced, then three more, but a fifth has not been recommended. Australia’s lack of a ‘safe harbour’ protection from insolvent trading for directors changed in 2017 with the introduction of s 588GA of the Corporations Act, which protects […]
What is the future of insolvency practice?
The future of insolvency practice lies in artificial intelligence (AI) which this article discussed. A list of selected articles and texts on AI and insolvency is offered. The insolvency reforms of 2017 have been seen as a missed opportunity for Australia to introduce internet-based processes and approaches to its insolvency law, which, with its combination […]
