The Australian government has decided that insolvency practitioners need more time to implement long awaited law reforms aimed at improving practitioners’ reporting and accountability, enhancing their efficiency,
Obviously with an eye on the ‘controversy’ over how to assess liquidator’s remuneration, at least in NSW, Justice Robb of that Supreme Court has given a judgment
Among all the numerous recommendations the government has received about corporate insolvency reform, one has now been made three times – the need for a
Three stars have aligned this August – the Productivity Commission’s inquiry into data usage, the government’s pending decision on how to make more money out
Accountants are taking on an obligation to refer breaches of the law to the authorities, under changes to their international code of ethics, reviving an obligation
Joint liquidators had to apply to the court be appointed as receivers and managers of property held by them as bare trustee because of uncertainty
Competition between courts and the legal regimes in which they operate is perhaps an odd concept, contrary to the image of the strict independence and
The Fish Man Ltd was in liquidation. Its director, Mr Hadfield, raised and sold ornamental fish from 14 fish tanks at his home. But one
A report has just been issued in the UK by the Law Commission on the question of whether there should be greater protection for
Concerns about the new processes to review the professional conduct of liquidators, and bankruptcy trustees, are discussed in light of the litigation approach taken by
Queensland’s new chain of responsibility laws seek to broaden the legal scope of those who should be held accountable for environmental obligations of a failed
While Australia considers how it should re-shape its insolvent trading laws, this June 2016 New Zealand decision illustrates how our neighbour’s comparative legal approach works,
While the usual hype about rates of personal insolvency in Australia might sell, a reported 0.2% rise in personal bankruptcies is hardly news, even if
The conference dinner, held at the Crypt of St Etheldreda, London on 13 July 2016.
In 2014 the EU determined upon a new approach to insolvency law, to which its member states were to aim. The broad approach was to
In 2002, an eminent insolvency judge noted a drafting error in Ch 5 of the Corporation Act and recommended in her judgment the need for
As your correspondent attends insolvency gatherings in England and Belgium, he thought it useful to gather together some related events and issues across the globe. UNCITRAL
The newsletter of the Australian Academy of Law for June 2016 is at this link.
A liquidator has been ordered to personally pay the legal costs of a creditor in a liquidation because he jumped the gun in assuming the
A proper funding model for the insolvency profession is needed, partly to end the interminable debate about the cost of administering the regime, focused as
What one lawyer has described as ASIC’s 50 page ‘reign of terror’ report on insolvency practitioners, based on its tone and content, is a bit
This concerns maritime liens and the law by which they should be determined when the ship is arrested in Australia. A significant court appeal was
