ILRA: Changes to VA
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.
Category Archives: Voluntary administration
Treasury releases discussion paper
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 […]
Planet Platinum-invalid VA appointments
The decision in ASIC v Planet Platinum Ltd (in liq) [2016] VSC 120 (1 April 2016) raises interesting issues relating to the duties of administrators to confirm the validity of […]
Could Arrium be the next Bell Group?
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. […]
Summary of UK pre-pack laws
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 […]
New article on share issues during VA
I’ve just published an article on using share issues to dilute minority shareholders using a loan to own strategy in the ARITA journal out this month.
Administrator’s power of sale
The decision in Robit Nominees Pty Ltd v Oceanlinx Ltd (in liq) (rec and man apptd) [2016] FCA 225 (11 March 2016) provides a good example of how courts handle […]
Australian Insolvency Law 