In the news this week:

  • In light of its use in a number of recent high-profile insolvencies of mining sector companies, The Australian Financial Review analyses the operation of section 444GA of the Corporations Act 2001 (Cth), which allows a deed administrator of a corporation to transfer shares in the company either with consent from the owner or by order of a court. (Subscription needed)
  • Banking Day reports on a discussion paper published by the Australian Restructuring Insolvency and Turnaround Association, which calls for a review of Australia's insolvency laws, suggesting that, among other factors, the current regime does not do enough to support the restructuring of potential viable businesses.