Courts professions and regulation

Australian insolvency practitioner disciplinary decisions – short but to what point?

This report of two insolvency practitioner disciplinary decisions in Australia will be brief because the decisions, or their publicly released

Australia’s small business restructuring practitioners

Australia is proposing a sub-group of liquidator accountants to assist in administering its new corporate SME insolvency laws, set to

Data Availability and Transparency Bill and Australia’s SME insolvency reforms

Following on some decades of government inattention to the collection of adequate statistical data in insolvency, but with law reforms
Silos

Where’s personal insolvency nowadays? Australian parliamentary confusion

This rather painful transcript of Senate estimates hearing on 27 October 2020 illustrates many things but in particular how small

Caution against “reasoning backwards” in assessing the validity of liquidators’ litigation

A judge has cautioned against “reasoning backwards” to assume that insolvency practitioners’ failed or injudicious legal proceedings either should not

SME insolvency reforms – a one year bankruptcy and more

The Australian government’s 2015 proposal to reduce the 3 year period for the imposition of the restrictions of bankruptcy to

Spent convictions of insolvency practitioners

According to a report from Stuff in New Zealand, a long-established liquidator has been denied permission to continue to practise

Transparency in the selection process of liquidators and trustees

The Insolvency Law Reform Act 2016 introduced some, let’s say, novel provisions in relation to the registration and discipline of

Choosing practitioners to administer Australian MSME insolvencies

The Australian government is presently finalising its draft SME insolvency law reform proposals.  Apart from getting the law right, as

Who wants to be an SME insolvency practitioner? Australia’s proposed reforms

Australia proposes to follow England’s lead in giving insolvency practitioners the initial role in new debtor in possession insolvency reforms,

“industry codes with their precepts, guidance and aspirational verbiage cannot dictate the proper construction and application of the relevant statutory provisions”

Soft law in Australia takes a rather strict approach in assessing the independence of insolvency practitioners, more so than, for

Under the Trans-Tasman Mutual Recognition laws, licensed New Zealand insolvency practitioners should be able to practise in Australia …

New Zealand has a new insolvency practitioner regulation regime which commenced on 1 September 2020.  The regime has processes allowing

A health check of the Australian corporate insolvency system – updated

Commentary following issued in April 2020 is reissued in September 2020 in light of the reports that a significant proportion

INSOL’s report on practitioner remuneration – another perspective

There is more to insolvency practitioners’ (IP) remuneration than is usually presented, and this commentary explains relevant issues not generally

UK gearing up for major corporate liquidations in ‘unpredictable times for the insolvency sector …’

In what appears to be ominous but necessary preparation for the continued economic consequences of COVID-19, the UK Insolvency Service

Some parliamentary reminders for ASIC’s 2020 annual report

The 1 September 2020 report of the Parliamentary Joint Committee on Corporations and Financial Services on the 2018–2019 annual report

Insolvency licensing bodies confirmed for New Zealand’s new regulatory regime

The New Zealand Registrar of Companies has approved the first licensing bodies for the commencement of the new regulatory regime

Insolvency and debtor in possession – hospital or home care?

If Joe thought he might have a serious medical condition, but did not want to go to hospital for a

New Zealand’s $1 insolvency practitioner regulation levy

The new New Zealand insolvency practitioner regulation regime, commencing on 1 September 2020, will be funded in part by a

Bankrupt for life?

An Australian personal bankruptcy lasts for a minimum of 3 years in Australia – whether it is an overly committed

Can a debtor resist a bankruptcy arising from COVID-19?

So far the courts in Australia have not had to deal with many creditors’ bankruptcy petitions against debtors in the

Australian SME insolvencies – the ATO as the solution?

While the government is no doubt considering a range of options to allow the insolvency system to cope with what

The potential for conflicts of interest in professional co-regulation

Referrals to a disciplinary committee of two senior insolvency practitioners with connections prompt my further explanations of Australia’s insolvency practitioner

Australian bankruptcies – falling numbers continue into the new financial year

The dramatic annual fall in personal insolvencies in Australia to 30 June 2020 has continued with the second half of