Recent Australian decisions have applied the ultimate beneficiary test for determining who is a creditor for the purposes of voting on a creditors’ scheme that seeks to restructure corporate bonds.
I’ve recently published an article with the University of Queensland Law Journal looking at whether Australia should introduce a mechanism to cram down dissenting classes of creditors in schemes of […]
The Government’s Innovation Statement issued on 7 December 2015 adopted 3 recommendations from the Productivity Commission’s report ‘Business Set-Up, Transfer and Closure’ (released on the same day) aimed at promoting […]
One of the many discussion points in Australian insolvency circles concerns the use of pre-pack arrangements. A recent report prepared for the British parliament gives an up-to-date summary of the […]
The traditional theory of corporate debt restructuring is based on the notion that major creditors want to protect their loans and will support a restructuring plan that saves the business […]