Insolvency profession

International insolvency regulation – London 2017

The annual meeting of the International Association of Insolvency Regulators, IAIR, is being held in London, from 4 to 7 …

England’s review of its insolvency code – independence, remuneration and more

The question of insolvency practitioner independence is important given the role of a company liquidator and bankruptcy trustee. Independence rules …

NZ accountants’ new Code obligations, with Australia close behind

Accountants in New Zealand, including those who are insolvency practitioners, are from this week required to refer relevant breaches of …

Very leviable liquidators

In anticipating the funding bases for the government meeting ASIC’s costs of regulating insolvency practitioners (IPs), I wrote that there “should …

Getting rid of liquidators

While no-one in business likes losing a client or customer, usually, it happens all the time, as a matter of …

Protected: Law reform fixes needed to ensure protection of trustees and liquidators

There is no excerpt because this is a protected post.

ASIC’s 2017 annual report – what to expect in insolvency regulation

Report 532 ASIC’s regulation of registered liquidators: January to December 2016 is a rather dense and detailed report which explains …

Is “outrageous” too strong a term to describe some of our new insolvency laws?

The question as to what parts of the Insolvency Law Reform Act 2016 have commenced may be unclear to some but …

Accountants and NOCLAR – more than a systems update

Professional accountants in Australia will soon be bound by a new standard that could require them to report offences to …

Penalty privilege – one says hello, the other says goodbye

There are at least two unsatisfactory stories in this. The first one first. The High Court’s decision in Rich v …

What work was involved in this liquidation and why did it take the time and resources claimed?

A liquidator’s remuneration claim of over $350,000 for conducting the winding up a country dental practice involving 24 of his staff …

Is the end result of Sakr Nominees continued “institutionalised time billing”?

While the insolvency profession might be satisfied with the final approval given to the liquidator’s remuneration, by Justice Ashley Black, in Sakr …

Friendly and ‘friendly’

The friendly family doctor, dentist, and police officer properly convey what the term “friendly” means, that meaning going back to Beowulf. …

APES 110 – accountants, whistleblowers and safe harbour advisers to note

Increased professional obligations of accountants, and insolvency practitioners, to refer breaches of the law to the authorities, are being considered at …

How fixed fees work in insolvency – 1,796 companies at £6000 each = £1600 per company

An English Chancery Court decision has given guidance on the reasonableness of fixed fees in an insolvency, albeit the fees …

INSOL International – Special Report on Insolvency Practitioners’ Remuneration

INSOL International has just published a global review of how insolvency practitioners’ fees are assessed and approved across a range of jurisdictions, …

Traill’s 16th Insolvency Conference 1-2 May – a wrap-up

A wide range of legal and practice issues concerning the current insolvency law changes under the Insolvency Law Reform Act …

Mental health and bankruptcy

The account of the bankruptcy of Sir Garfield Barwick and the personal impact that it had on him is a …

Whistleblowing, as a means of professional regulation?

The use of whistleblowers in the regulation of tax and corporate law, and the bases for incentivizing and protecting them, are …

Pre-insolvency or restructuring professionals – “Pifors”

At a conference held on 24 March by the QUT Commercial and Property Law Research Centre, a presenter, Dr Georg …

The gender profile of the insolvency profession: occupational segregation?

Would you like to study the question of gender balance in the insolvency profession? That topic is the subject of a …