UK

How to best handle a major airline collapse

When a government sets up an inquiry into how to deal with the insolvency of a certain industry, the industry ...

Australia’s inconsistent tax and insolvency laws

Recent research has revealed that although the Australian Taxation Office (ATO) lost its priority in insolvencies in 1993, and was ...

New UK Insolvency Code of Ethics

A new version of the Insolvency Code of Ethics will apply from 1 May 2020 to all insolvency practitioners in ...

The proposed reinvigoration of the UK’s business rescue culture through ‘recalibration of the balance of power’ – some steps too far for Australia?

A recent academic article from the UK has reviewed proposed restructuring reforms announced by the government in August 2018, although ...

What has happened to the proposed beneficial ownership of shares register?

A review of the ASIC Annual Report 2018 by a parliamentary committee was tabled only in February 2020. The report ...

A review of Australia’s insolvency practitioner regulation system

Given a choice between a good insolvency law and poor practitioners, and good practitioners and a poor insolvency law, the ...

Million pound fines for breach of insolvency standards

The million pound fining of an insolvency firm and its administrators by the English accounting body ICAEW illustrates the differences ...

A pointless distinction in corporate insolvency

In the 19th century, where much corporate insolvency law thinking still remains, a distinction was made between court ordered liquidations ...

Selfies of Australian insolvency practitioners – not looking good …?

A recent Australian academic thesis reveals an insolvency industry comprising practitioners with low self-identity, lacking in self-confidence and with a ...

The 2020 insolvency practitioner codes

New insolvency practitioner codes have issued in Australia, with the UK and NZ perhaps not far behind. It remains to ...

Insolvency R&B law reform ideas

While the ASBFE Ombudsman, ARITA and others are looking at insolvency law reform, including for SMEs, they will no doubt ...

New Zealand insolvency – accrediting the professional bodies

Public consultation in New Zealand is now open on a discussion paper on the minimum standards and standard conditions for ...

Major corporate collapses and the public interest – British Steel and more

The collapses in the UK of socially and economically important enterprises – British Steel, Carillion Constructions and Thomas Cook are ...

Insolvency – some root and branch ideas

Does the government shirk its responsibilities in ensuring the proper operation of our insolvency regime by unloading the costs of ...

Australia’s Official Receiver (in corporate insolvency)

Australia adopted much of English corporate law at the beginning of the 20th century but one thing it did not ...

Breaking a bankruptcy monopoly in New Zealand

There are moves in NZ to break the monopoly of the Official Assignee in personal insolvency by allowing private insolvency ...

New Zealand – corporate insolvency practitioner regulation

The New Zealand government has called for submissions on the proposed minimum standards and conditions for the licensing of insolvency ...

Cross-border insolvency – the Canberra session

I was pleased to have been involved with others in giving a presentation on UN Day 24 October 2019 to ...

The evolution of bankruptcy and insolvency laws and the case of the deed of company arrangement

This is a thoughtful and instructive article on the process of the historical development of the bankruptcy and insolvency laws ...

NZ insolvency practitioner costs recovery fees

The New Zealand government has released a discussion paper on proposed regulations concerning fees and other arrangements in preparation for ...

‘A good idea’ – assignment of a liquidator’s recovery rights

A liquidator has transferred, with court approval, potential recovery claims to the ATO, as the major and only creditor in ...

Climate change and the law

Here are details of two recent events on climate change and the law, followed by details of a range of ...

Regulation of Australian insolvency practitioners – UK and NZ compared

I am pleased to be soon presenting to various groups on the regulation of Australian insolvency practitioners, with some comparisons ...

International Association of Insolvency Regulators’ Conference – 2019

Australia is attending and presenting at the annual insolvency regulators’ conference, along with regulators from the UK, the US, New ...