*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 32 Part 4) contains the following material:<\/p>\n EDITORIAL<\/a> \u2013 Editor: Dr David Morrison <\/em><\/p>\n China\u2019s Bankruptcy Law Odyssey: Exploration, Promotion, and Reform <\/strong>(2007\u20132022) <\/strong><\/em><\/a>\u2013 Casey G Watters and Jinlu Liu<\/p>\n This article examines the Enterprise Bankruptcy Law of the People\u2019s Republic of China (EBL), from its establishment in 2007 through 2022. It builds on the framework of Judge Zhang Hengzhu, segmenting the development into three stages: Exploration, Promotion, and Reform. The analysis commences with the Exploration Stage (2007\u20132011), highlighting initial challenges in establishing a corporate bankruptcy regime. It then transitions to the Promotion Stage (2011\u20132015), marked by the Wenzhou financial crisis and subsequent efforts to streamline and publicise bankruptcy procedures. The final phase, Reform, is broken into two periods. The early period (2015\u20132018), observed significant legal reforms leading to a surge in bankruptcy filings. The next period, (2019\u20132022) witnessed global reforms with China placing a revised EBL on the legislative agenda. The article underscores the EBL\u2019s pivotal role in China\u2019s economic transformation, detailing its influence on corporate restructuring, creditor rights, and the handling of \u201czombie companies\u201d.<\/p>\n Why Looking at the Fall of FTX through the Lens of s 588G May Hold the Key to Cryptocurrency Policy Reform<\/strong><\/em><\/a> \u2013 Luke Byrnes<\/p>\n The fall of cryptocurrency exchange, FTX, has sent shockwaves throughout the cryptocurrency industry. Catalysed by dishonest and poor corporate governance by its Chief Executive Officer, Sam Bankman-Fried, FTX\u2019s bankruptcy has undermined investor and institutional trust in the cryptocurrency industry. However, as Bankman-Fried currently faces several charges for fraudulent trading in the United States, does an examination of the fall of FTX through the lens of Australia\u2019s director\u2019s duty to prevent insolvent trading under s 588G of its Corporations Act 2001<\/em> (Cth) hold the key to ensuring that such conduct is detected earlier and mitigated? This article focuses on s 588G(1)(c) and the key indicators of insolvency outlined in Australian Securities & Investments Commission v Plymin and ASIC\u2019s 217 Regulatory Guide \u2013 analysing their ability to provide key lessons for policy reform within the cryptocurrency industry.<\/p>\n INTERNATIONAL NOTES \u2013 Editor: Dr David Morrison<\/em><\/p>\n NEW ZEALAND REPORT \u2013 Editor: Professor Lynne Taylor<\/em><\/p>\n BOOK REVIEW \u2013 Editor: Dr David Morrison<\/em><\/p>\n For the PDF version of the table of contents, click here: New Westlaw Australia – Insolv LJ Vol 32 No 4 Contents<\/a> or here: Checkpoint – Insolv LJ Vol 32 No 4 Contents<\/a>.<\/p>\n Click here to access this Part on New Westlaw AU<\/a><\/p>\nArticles<\/h3>\n
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