A Victorian Supreme Court decision gives some background to the regulator’s decision to reduce bankruptcy trustees’ remuneration by over $277,000, a decision being challenged in
An appeal court has confirmed a finding that a liquidator who did not telephone a director to inquire about money apparently transferred by the company
In a speech given to ARITA’s conference on 9 August 2017, Justice Ashley Black of the NSW Supreme Court has given a descriptive overview of
There is no excerpt because this is a protected post.
To mark the 10th anniversary of the Australian Academy of Law (AAL), the 90th anniversary of the Australian Law Journal (ALJ), and the 30th anniversary
While the new safe harbour law[1] is the end result of some years of torturous debate, still on-going, it is also only the start of
Mr Merante was an employee of a company for 15 years, from 2000 until shortly after it went into voluntary administration and then liquidation, on
There can be a connection between a person’s mental health and their financial distress. In business, one can feed off the other, likewise in relation to
The significance of bankruptcy and the need for its law to be clear and predictable is emphasized in a recent judgment of the Chief Justice of the Federal
The Black Economy Taskforce has released a discussion paper outlining a number of additional policy ideas which draw on its recent public and stakeholder consultations.
The Banking and Financial Services Law Association is holding its annual conference in Brisbane on 31 August-1 September 2017, in Brisbane. Its pre-eminent judicial speakers
My preparation for a major banking and financial services conference[1] has prompted this quick review of where Australia is at with banking and insolvency related
New section 30B of the ASIC Act allows ASIC to ask a liquidator to produce the ‘policies and procedures’ relating to external administrations and receiverships that the liquidator ‘has
Economic analyses of insolvency in Australia are strangely limited, given that a major purpose of an insolvency regime is its support of economic efficiency. Particular economic purposes
The Daily Telegraph is right this time, it was an extraordinary finding by a court,[1] to expect our immigration politician Mr Dutton to have “engaged
The circumstances of Amber Harrison flowing from the decision of Justice Sackar in Seven Network v Harrison[1] prompt this comment on how legal costs ordered
The annual meeting of the International Association of Insolvency Regulators, IAIR, is being held in London, from 4 to 7 September 2017. Given its timing,
The question of insolvency practitioner independence is important given the role of a company liquidator and bankruptcy trustee. Independence rules are being reviewed in England,
Accountants in New Zealand, including those who are insolvency practitioners, are from this week required to refer relevant breaches of the law committed by their
In anticipating the funding bases for the government meeting ASIC’s costs of regulating insolvency practitioners (IPs), I wrote that there “should be some comfort taken from
An insolvency conference, said to be a Taste of Japan. There is a very good article in the International Insolvency Review entitled Appointing and Remunerating
After giving directors the benefit of protection from liability for insolvent trading, through the ‘safe harbour reforms’, the government has not required of directors that
As INSOL International explains, this Protocol of June 2017 is a project that has been completed by members of the INSOL Small Practice Issues Committee.
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