The latest Part of the Insolvency Law Journal includes the following articles: “Turning to Chapter 11 to foster corporate rescue in Australia” – Ahmed Terzic; “Corporate rescue in the United Kingdom: Past, present and future reforms” – Paul J Omar and Jennifer Gant; and “Does CIP remuneration provide value for money?” – Jennifer Dickfos; and the following section notes: Recent Developments: “Maritime law and insolvency law: averting collisions?” – Scott Butler, Rosalind Mason and Michael Murray; “Forging or shaping the fundamentals around the PPSA in Australia?” – David Morrison; and Report from New Zealand: “Consumer repossession reform in New Zealand” – Sascha Mueller.
The latest Part of AT Rev includes the following articles: “The Hatter’s watch: Tax benefit in Part IVA” – Mark Brabazon SC; “The “economic benefits model” for trusts – fool’s gold?” – Alex Evans; and “The Commissioner’s power to issue creditor’s statutory demands: Implications for corporate rescue post insolvency” – Sylvia Villios. There is also an editorial and a review of the book “Sham Transactions” edited by Edwin Simpson and Miranda Stewart.
By Jason Harris and Michael Legg. The fallout from the global financial crisis (GFC) has focused attention on the efficiency of Australia’s corporate rescue laws as companies struggle under onerous debt levels and attempt to rebuild balance sheets and restructure operations in much tighter credit conditions than in previous years. This article considers the tension between laws that seek to compensate investors through the use of class actions and laws that aim to promote corporate rescue attempts.