Handbook

This course covers the law and practice relating to the insolvency of corporations. It encourages a critical appreciation of the nature, philosophy and interrelationship of each insolvency administration regime including recent and proposed reforms. Students will explore the rights and obligations of various stakeholders including directors, employees, secured and unsecured creditors, shareholders and insolvency practitioners. Some well-known insolvency practitioners will deliver guest lectures with practical reflections. Emphasis will also be placed on understanding Australian insolvency laws in the global context, featuring classes on cross-border insolvency including EU and US experiences.

Main Topics

• Philosophy of modern insolvency law
• Compulsory and voluntary winding up
• Directors' duties at or near insolvency
• Voidable transactions
• Voluntary administration
• Receivership and security interests
• Restructuring and work-outs
• Comparative insolvency law
• Cross-border insolvency