Insolvent insolvency practitioners?
An Australian insolvency industry body – ARITA – has suggested that the law should be changed to allow insolvency practitioners (IPs) who themselves become insolvent, or their company, to nevertheless be permitted to remain registered to practice: Members facing financial distress, December 2021, version 1.0. This is in the context of advice given by ARITA […]
UK’s proposed single insolvency regulator – beware Australian comparisons [revised]
After some long period of deliberation, the UK government has decided to itself take a direct role in the regulation of its insolvency practitioners (IPs), which it likens to Australia’s approach, as one example, but, unlike Australia, the UK also proposes to regulate insolvency firms. The UK is therefore to do away with its current […]
