I recently searched ASIC’s insolvency notices website for notices of appointment for the new small business restructuring procedure in Part 5.3B of the Corporations Act 2001 (Cth). This revealed 8 […]
This post compares the numbers of companies using corporate rescue laws across Australia, Canada, England and the United States.
I’ve been reading over several ASIC statistical reports recently while working on my PhD and some figures really jumped out at me in the Series 3.3 (time series) report from […]
Amendments to the Corporations Act in 2010 to address concerns with the effect of the High Court’s Sons of Gwalia decision introduced a new regime for insolvency practitioners to deal […]
The case of Macks v Viscariello  SASCFC 172 considers a number of important issues relating to duties of voluntary administrators. The Full Court’s decision finalises a long-running saga involving several […]
The Insolvency Law Reform Act 2016 (Cth) (‘ILRA’) remakes the rules on creditor committees in insolvency (called ‘committees of inspection’ or COI). This post will explain the new law and […]
The Insolvency Law Reform Act 2016 (Cth) (ILRA) makes a broad range of significant changes to corporate insolvency in Australia. This post will consider the changes to voluntary administration.
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 […]
The decision in ASIC v Planet Platinum Ltd (in liq)  VSC 120 (1 April 2016) raises interesting issues relating to the duties of administrators to confirm the validity of […]
News broke yesterday of the banks rejecting Arrium’s rescue package proposed by GSO Capital Partners that would have involved the banks taking a big haircut on their reportedly unsecured loans. […]