VA’s & DoCA’s

SiN 2017 – the Year in Review

The year is done, Christmas is come and for SiN it is time to replenish the reservoir of curiosity ahead of what promises to be a fascinating 2018. From next year the Insolvency Law Reform Act (ILRA) will be in full swing. Insolvency practitioners will face a world where creditors will have expanded powers. Appointees will need to get used to being replaced. Courts too…

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Liquidators can act as surgeon and undertaker: Judge

Whilst it might seem difficult to envisage how the appearance of independence can be maintained by insolvency practitioners acting as both surgeon and undertaker, Justice Paul McKerracher illuminates the way to envisagement. In Australian Securities and Investments Commission v Diploma Group Limited (No 5) [2017] FCA 1147  his honour last week granted leave to David Hodgson and Andrew Hewitt to enable the Grant Thornton partners to appoint themselves as administrators of…