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ASIC’s Corporate Plan 2019-2023 – Insolvency Practitioners
ASIC’s corporate plan 2019-2023 contains much detail about the various sectors it regulates and what regulatory approaches it is taking. ...
Winding up a company for $2,000?
A court has suggested that the minimum debt amount for which a creditor can proceed to apply to wind up ...
ARITA’s 8 (plus?) point plan for insolvency law reform
One of the main insolvency professional bodies in Australia – ARITA[1] – has released what it calls its “8 point ...
Australian insolvency law – current reforms
As in many countries, general elections put law changes and reform on hold pending the new government’s decisions on pending ...
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Featured Post Deregistered / dissolved companies – let them be? 07/01/2022 Root & branch reform ideas Parliamentary inquiries & reports ...
International
International AllAsiaCross-border insolvencyUNCITRAL Deregistered/dissolved companies – let them be? The UK Insolvency Service has been granted new investigative and disqualification ...
Government
Government AllLaw reformParliamentary Inquiries and ReportsRegulation Unclaimed bankruptcy moneys – new law Easier processes to recover unclaimed moneys in bankruptcy ...
Professions and practitioners
Professions and practitioners AllAccountantsARITAAIIPCAANZASICAFSALawyersInsolvency practitioners A running account of insolvency history – the lawyers and the accountants In an account ...
How to become an insolvency practitioner in Australia
The ‘new’ process of selecting by interview who should be an insolvency practitioner (IP) was the subject of a presentation ...
Some views on ASIC v Wily & Hurst
The views of Justice Brereton of the NSW Supreme Court have not prevailed following the decision by the High Court ...
Revised insolvency standard for practitioners. As to their professional bodies …
The Accounting Ethical and Professional Standards Board (APESB) has approved a new and revised APES 330 – Insolvency Services, the ...
Conferences and publications
Conferences and publications AllAcademy of LawARITANewspapers and other media Insolvent insolvency practitioners? An Australian insolvency industry body – ARITA – ...
Law and Practice
Law and Practice AllCase lawCourt appealsILRA 2016Law reformIndependenceRemuneration Deregistered/dissolved companies – let them be? The UK Insolvency Service has been ...
AFCA’s interaction with insolvency law
The authority of the new Australian Financial Complaints Authority (AFCA) and its impact on finance debts owing should be understood, ...
Insolvency returns to creditors and other fictions
Insolvencies average dividend returns to unsecured creditors of under 5 cents in the dollar, in some cases, under 1 cent. ...
Insolvency and climate change and environmental liabilities
INSOL Academics in Singapore on 1-2 April 2019 and the following day’s meeting of academics at the National University of ...
ASIC’s review of liquidators for 2017-2018 – continued fall in complaints
This ASIC Report 610 has been released, with some interesting points to note, and questions raised. It largely expands on ...
The future of the insolvency ‘profession’
I was pleased to have given a presentation on the future of the insolvency profession, at Griffith University’s excellent Professional ...
Assessment of liquidators’ remuneration, with help from a band of experts
The decision of Justice Besanko of the Federal Court in Lock, in the matter of Cedenco JV (No 2) [2019] ...
Insolvency administrator’s lack of attention to the sale of complex assets
A UK insolvency administrator has been found to have acted in breach of his duties to a broadcasting company, some ...
Does insolvency practice constitute a profession?
Those who specialise in insolvency law and practice, and restructuring, would no doubt consider they act professionally, however that term ...
Opportunistic and manipulative insolvency practitioners?
Insolvency practitioners’ (IP) remuneration for the work performed in administering an insolvent estate attracts public attention, much of which is ...
Bankruptcy trustees’ performance 2017-2018
AFSA’s Personal Insolvency Compliance Report 2017-2018 may be rather welcome in its positive reporting of its findings in relation to ...
More soft law – ARITA’s insolvency practice statements
ARITA has released a number of draft Practice Statements for comment. These Practice Statements are designed to give ‘technical’ guidance ...
