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Cross-border and international
Why do we have preference recoveries in insolvency?
27/06/2021
Preferences
peak indebtedness
In finding that the ‘peak indebtedness rule’ did not in fact exist, the Full Federal Court[1] in Badenoch v Bryant
Electronic delivery of documents in insolvency law
26/06/2021
electronic service
OPC
Some belated concern has been raised about the potential for new corporate insolvency law allowing a winding up demand to
Insolvent trading convictions set aside on mental health grounds
16/06/2021
Crime
insolvent trading
Following convictions and imprisonment for insolvent trading arising from the 2009 collapse of Kleenmaid, its founder, Andrew Young, has succeeded
Licensing of insolvency practitioners – decision making principles from New Zealand [updated post 13 June 2021]
13/06/2021
Administrative law
ARITA
NZ
RITANZ
Mr Damien Grant, the New Zealand insolvency practitioner who successfully challenged RITANZ’s decision to deny him the right to practice
Why has the Australian government not yet decided on any further insolvency law changes for small business?
12/06/2021
ASBFEO
Attorney-General
one year bankruptcy
Treasury
Australia MSE insolvency reform process seems to have halted, perhaps because of a poor reception to its January 2021 small
Employees’ loss of FEG redundancy payments through their misguided “acts of decency and loyalty” to assist
08/06/2021
employee entitlements
Fair Entitlements Guarantee - FEG
The AAT has described its decision confirming a lack of government assistance under fair entitlements guarantee (FEG) for “two dedicated,
Service of insolvency documents by email
28/05/2021
silos
OPC
With law well into the process of change to accommodate electronic communications and dealings, following COVID-19 in particular, we should
Is bankruptcy a life and death issue?
27/05/2021
mental health
MSME
I was startled to be reminded of a regular question in the well-known US General Social Survey whether contemplating or
Costs against ASIC in its [“illegal phoenix activity”] claim against a liquidator
14/05/2021
phoenix activity
ASIC has been unsuccessful in resisting a costs order against it in its “illegal phoenix activity” proceedings against a liquidator
Peak indebtedness and other insolvency law views from New Zealand
14/05/2021
costs as provable debts
examination summons
New Zealand insolvency
peak indebtedness
The decision of the Full Federal Court in Badenoch Integrated Logging v Bryant[1] agreeing with New Zealand’s view about the
Deregistered companies – UK reforms and some Australian comparisons
13/05/2021
phoenix activity
deregistration
The UK Insolvency Service is to be given powers to investigate directors of companies that have been dissolved, or in
Australia’s limited insolvency reforms for small business
07/05/2021
ASBFEO
MSME
small business
With our international trading partners recently meeting to examine ways to handle micro to small enterprise (MSE) insolvency impacted by
Bankruptcy trustee independence
06/05/2021
The Australian personal insolvency regulator and government trustee, AFSA, has produced a useful report – Practitioner Independence in the Personal
An insolvency safe harbour based on culture and tradition?
04/05/2021
insolvent trading
CATSI Act
For years Australia had no ‘safe harbour’ protection for directors from insolvent trading. In 2017, one was introduced, then three
What is the future of insolvency practice?
04/05/2021
artificial intelligence
Rules as Code
Coding
Articles
The future of insolvency practice lies in artificial intelligence (AI) which this article discussed. A list of selected articles and
Australian lawyers attending UNCITRAL’s Working Group V on MSME insolvency – May 2021
03/05/2021
MSME
Working Group V
UNCITRAL’s Working Group V – Insolvency is reconvening this week 4-7 May 2021, following its last meeting in December 2020.
World Bank insolvency principles – how does Australia compare?
26/04/2021
World Bank
The World Bank has released its updated Principles for Effective Insolvency and Creditor/Debtor Regimes (the Principles), emphasising the needs of
Penalties and bankruptcy
21/04/2021
penalties
ALRC 95
A person in breach of consumer protection laws concerning the hire of 4 wheel drive vehicles has been ordered to
The UK’s Technical Guidance for Official Receivers – a published resource for Australian practitioners and regulators
19/04/2021
AFSA
ASIC
Insolvency Service UK
The Insolvency Service in the UK has issued an updated version of its Technical guidance for Official Receivers[1] in administering
Litigation representatives and bankruptcy
19/04/2021
mental health
litigation representative
A daughter’s evidence that her mother’s litigation and bankruptcy proceedings had become her mother’s “entire life” with her house “full
NSW registered clubs (law) in trouble, again
14/04/2021
Insolvency Law Bulletin
liquor and gaming
Registered clubs
What are described as the “arbitrary powers of the NSW Independent Liquor & Gaming Authority (ILGA)” are the subject of
Virgin Airlines – special leave to appeal granted by the Australian High Court on a matter of the interpretation of the Cape Town Convention
12/04/2021
Insolvency Law Bulletin
Cape Town Convention
Aircraft Protocol
Further to my report of 4 April 2021 below, the High Court of Australia has granted special leave to appeal
The new Attorney-General and business bankruptcies
01/04/2021
Attorney-General
bankruptcy
As the new Attorney-General, Senator Michaelia Cash[1] will find her portfolio encompasses the current law reform debate about whether and
Move bankruptcy from the Attorney-General to Treasury?
23/03/2021
Attorney-General
Treasury
In light of the Attorney-General’s need to transfer some matters of his responsibility, a worthy area to transfer is the
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