*Please note that the links to the content in this Part will direct you to Westlaw AU. If you are using Checkpoint, the links can be found in the Checkpoint PDF at the bottom of this post.<\/p>\n
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The latest issue of the Insolvency Law Journal<\/em> (Volume 27 Part 2) contains the following material:<\/p>\n EDITORIAL<\/a> \u00e2\u20ac\u201c General Editors: Professor Rosalind Mason and Dr David Morrison<\/em><\/p>\n The Impact of Retention of Title Security on Unfair Preference Actions<\/strong><\/em><\/a> \u00e2\u20ac\u201c Stewart Maiden QC and Brendon Watkins<\/p>\n A right to retain title in goods supplied under a trading account constitutes security for the purposes of the unfair preference provisions found in s 588FA of the Corporations Act 2001 <\/em>(Cth). This article addresses five questions concerning timing, valuation and procedure that arise from the interaction of retention of title and the unfair preference regime, the answers to which have not been clearly articulated in the authorities to date.<\/p>\n Australia\u00e2\u20ac\u2122s Safe Harbour Law <\/strong>\u00e2\u20ac\u201c A Better Outcome for Restructuring and Entrepreneurship?<\/strong><\/em><\/a> \u00e2\u20ac\u201c Craig Edwards<\/p>\n On 19 September 2017, s 588GA of the Corporations Act 2001 <\/em>(Cth) became law providing company directors a \u00e2\u20ac\u0153safe harbour\u00e2\u20ac\u009d from liability for trading while insolvent in certain circumstances. The policy behind the safe harbour law seeks to promote a culture of entrepreneurship and restructuring. Whether the safe harbour law will have the desired effect is a critical issue because Australia\u00e2\u20ac\u2122s insolvency laws are among the strictest in the world. Directors of companies in the zone of insolvency attempting a restructure face the prospect of being liable for trading while insolvent under the current strict liability provisions if a restructure does not succeed. This article analyses how the safe harbour law may interact with other laws, in particular directors\u00e2\u20ac\u2122 duties under ss 180\u00e2\u20ac\u201c181 of the Corporations Act<\/em>, tax laws and disclosure laws for publicly listed companies. It is argued that while the new law is a step in the right direction, further reforms will be necessary to achieve a culture of restructuring and entrepreneurship in Australia.<\/p>\n RECENT DEVELOPMENTS<\/a> \u00e2\u20ac\u201c Editor: Dr David Morrison<\/em><\/p>\n REPORT FROM NEW ZEALAND<\/a> \u00e2\u20ac\u201c Editor: Professor Lynne Taylor<\/em><\/p>\n For the PDF\u00c2\u00a0version of the table of contents, click here: Westlaw AU – Insolv LJ Vol 27 No 2 Contents<\/a>\u00c2\u00a0or here: Checkpoint – Insolv LJ Vol 27 No 2 Contents<\/a>.<\/p>\n Click here to access this Part on Westlaw AU<\/a><\/p>\nArticles<\/h3>\n
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