Corporate restructuring experts from the United States, the United Kingdom and Australia were brought together by the Supreme Court of New South Wales in August 2010, to explore these issues at the Supreme Court Annual Corporate Law Conference. This publication contains the speakers' presentations, a panel discussion on a hypothetical problem, and an introductory essay. It will be of interest to company directors and their advisers, insolvency practitioners, lawyers and law students, bankers, accountants and investment bankers.
A focus of attention at the conference was a Commonwealth Treasury paper canvassing the idea of protecting directors in a workout through a modified business judgement rule. Evidently the present government is no longer pursuing that proposal. But the fundamental and pressing problem - that Australian law is poorly equipped to handle attempts at restructuring to avert a massive corporate failure and the consequent large-scale losses for workers, creditors and investors - remains to be addressed.
Size: 246 × 172 × 9 mm
Copyright: © 2012
Publication: 04 Jul 2013