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Thinking posts
12 results12 results
Thinking| 10 Jul 2019
High Court provides certainty for corporate trustees: Amerind
On 19 June 2019, the High Court delivered its judgment in one of the most hotly anticipated insolvency judgments this year, the Amerind appeal: Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth.1 The High Court unanimously dismissed the appeal, upholding ...
Thinking| 21 Sep 2017
Anchors dropped! Safe harbour now open for directors
On 11 September 2017, the Commonweath Parliament passed the Treasury Law Amendments (2017 Enterprise Incentives No.2 Bill). The new legislation: introduces a ‘safe harbour’ exclusion from civil liability for directors faced with insolvent trading claims and makes unenforceable ipso facto clauses in certain ...
Thinking| 23 Aug 2017
Shelter from the storm is near – An update on the director safe harbour / ipso facto regime
The Senate Economics Legislation Committee has recommended that the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017 (Bill) which provides a ‘safe harbour’ defence and automatic stays on certain ipso facto clauses be passed. We expect that the Bill will be ...
Thinking| 07 Apr 2017
Achieving port in an insolvency storm – stays in a safe harbour?
The government has released draft legislation reforming insolvency laws to create a ‘safe harbour’ defence for directors faced with an insolvent trading claim, together with a statutory stay on the enforcement of ipso facto clauses when a party to a ...
Thinking| 29 Mar 2017
Khoury Report – substantial reforms for small business lending
On 20 February 2017, Mr Khoury published his final report of the Independent Review of the Code of Banking Practice (Code). Mr Khoury is an independent governance expert appointed by the Australian Bankers’ Association (ABA) to conduct an independent review of the ...