The September issue of the Insolvency Law Journal published the following material: “Debt agreements under Australian bankruptcy law: A successful experiment?” – Mary Wyburn; “Out of the shadows? Clarifying the liability of secured creditors in workouts” – Brendan Fitzgerald; “Fruitful unfair preference actions – what’s a liquidator to do?” – Andrew Poulton; Recent Developments: “Penalties, directors’ duties and non-executive directors: Australian Securities and Investments Commission v Healey (No 2) (2011) 196 FCR 430” – Maria Nicolae and David Morrison; and Report from NZ: “Personal liability of directors for the debts of phoenix companies” – Lynne Taylor.
The latest Part of the Insolvency Law Journal contains an interesting range of articles and sections related to insolvency law. There are articles on guarantors’ rights under s 420A of the Corporations Act 2001 (Cth), voluntary administration in New Zealand and how that system differs from the one in Australia and the role and use of debt agreements in Australian personal insolvency law. There is also a Recent Developments section, a Report from New Zealand and a book review.