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Cross-border and international
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 ...
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 ...
Neither a borrower nor a lender be – at least to a friend or a relative …
21/03/2021
MSME
one year bankruptcy
guarantees
A guarantee given by a mother to a friend of her son for the son’s business debts ended up in ...
Appeals from sequestration orders made by registrars – continued
18/03/2021
registrars
judicial power
An appeal from a sequestration order made by a registrar in 2016 is being heard, in 2021. In bankruptcy litigation ...
Review of the English Insolvency Rules 2016
13/03/2021
Insolvency Service UK
UK rules review 2021
The 2016 insolvency rules of England and Wales are being reviewed, in accord with a statutory requirement to do so ...
‘The Vanishing Criminal – Causes of Decline in Australia’s Crime Rate’ – a book review
06/03/2021
Crime
white collar crime
book review
This is a very interesting and useful book, trying to explain why Australia’s crime rate has fallen in many areas, ...
Double suspension as a liquidator and as a trustee
25/02/2021
ARITA
New Zealand
discipline
An experienced Australian insolvency practitioner (IP) has had his right to practise as a liquidator suspended by a Court for ...
Apprehensions of the fair-minded lay observer – a law reform review of judicial impartiality
22/02/2021
ALRC
independence
judicial independence
The Australian Law Reform Commission has been asked to undertake a review of the laws relating to impartiality and bias ...
Should a person be subject to restrictions after an insolvency?
21/02/2021
discharge
The default period of restriction on a person following their personal insolvency is under consideration in Australia. It prompts the ...
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