Courts’ delayed judgments
The courts are central to much of insolvency practice. At the same time, court processes can be costly and time consuming. The need for court approval of various issues in corporate insolvency is one that should be examined in any comprehensive review of insolvency law. Litigation Funding in Insolvency and in Class Actions – Murrays […]
ASIC updates “guidance to help directors prevent insolvent trading”
ASIC has updated its regulatory guide for directors and their professional advisers on the duty to prevent insolvent trading – s 588G Corporations Act – and has provided new guidance on the safe harbour provisions – ss 588GA-588HA. RG 217 ASIC says that the updates to Regulatory Guide 217 Duty to prevent insolvency trading: Guide […]
