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Insolvency Reforms Pass Parliament

Australia - December 11 2020 Changes to Australia’s insolvency framework proposed by the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 (Cth) have been passed by…

Natalie McCabe.

Small Business Insolvency Reforms - What this means for SME businesses as COVID restrictions ease and into the future

Australia - November 19 2020 Following Treasury’s announcement on 24 September 2020 that it will introduce a suite of reforms to Australia’s insolvency framework, the…

Katie White, Natalie McCabe, Nicholas McKenzie-McHarg.

COVID-19 | Emergency Amendments to Insolvency Laws: What’s next?

Australia - September 7 2020 In March, we reported that, as part of a suite of legislative and economic responses to COVID-19 the Commonwealth Government had announced a range of…

Liquidation does not automatically remove a corporate trustee - Court directions may be required

Australia, USA - May 27 2020 In KSK Holdings (Australia) Pty Ltd (in liquidation) [2019] NSWSC 1463 a liquidator sought directions from the Supreme Court of New South Wales under…

Barbara-Ann Sim, James Roland.

Holding company director as “officer” of subsidiary under the Corporations Act

Australia - May 27 2020 In ASIC v King [2020] HCA 4, the High Court considered whether a director of a holding company was an "officer" of a subsidiary company for the…

James Roland, Scott Couper.