BLOGS WEBSITE
Professor Symes Makes a Submission to the Senate on Retailer Insolvency
The Senate is enquiring into the effect on consumers of retail businesses who become insolvent. Symes states that consumers as unsecured creditors do need attention at the present time suggesting there are three major elements to the effect on consumers by a retailer’s insolvency. These are prepayments (deposits), gift cards and loyalty schemes. In his […]
Is it time to reform the cornerstone of Australia’s insolvency regime?
David Brown’s article “Is it time to reform the cornerstone of Australia’s insolvency regime?” has been published on The Conversation.
PPSA Gets its First Report – ‘Shows Potential But Could Do Better’
Background On 30 January 2012, the Personal Property Securities Act 2009 (Cth) came into effect. It prescribed a review within three years. The review report, by Bruce Whittaker, Ashursts, was recently submitted to the Attorney-General. (see www.afsa.gov.au). It is a thorough and scholarly analysis, covering almost every section of the PPSA. It can’t be done […]
D-Day for the PPSA
As the clock strikes midnight tonight (Eastern time), the ‘transitional period’ of 24 months grace for PPS registrations will expire. There have been 7.7 million registrations as at end of 2013, but the feeling is that, now that the crunch time has arrived, many suppliers, lessors, consignors and others, particularly smaller businesses and artisans, will […]
Kodak emerges from Chapter 11
Read my story in The Conversation at http://theconversation.com/kodaks-survival-not-a-black-and-white-issue-17825
Benchmarking Voluntary Administration on its 20-year Anniversary: Friday 26 July Symposium
It was 20 years ago in June since Voluntary Administration was introduced in Australia. To mark the occasion, we’ve gathered together an domestic and international expert panel to evaluate the VA, and benchmark it against UK and Canadian rescue procedures. Friday 26 July 2013, 9-12.15, Henry Basten Room, Mitchell Building, North Terrace, University of Adelaide […]
PPSA Happy Anniversary
This week marked the first birthday of the operational commencement of the PPSA and its Register. To celebrate, BILS is organising a major two-day conference, Personal Property Security Law: Local and Global Perspectives, on 20-21 February 2013 at the Adelaide Festival Centre. For online registration and programme details: http://www.law.adelaide.edu.au/events/ppsa Leading international and national experts will […]
Personal Property Security Law: Local and Global Perspectives, 20-21 February 2013, Adelaide Festival Centre
Personal Property Security Law: Local and Global Perspectives, 20-21 February 2013, Adelaide Festival Centre Keynote address: Sir Roy Goode CBE QC For full details of programme, information and online registration, click here: http://law.adelaide.edu.au/events/ppsa/ The PPSA came into force on 30 January 2012, the most significant commercial law development in Australia for decades. Just over one year […]
Why are unfair preferences so difficult? CPD Breakfast- 29 November, 7.30a.m, National Wine Centre, Adelaide
Unfair preferences feature in many insolvencies. Whilst liquidators will often have difficulty in recovering them, creditors may have difficulty in defending them. Shortly before liquidation a company is likely to pay some debts and the task of the law is to determine which of these payments can be set aside as a preference. This seminar […]
Personal Property Security Law: Local and Global Perspectives, 20-21 February 2013
BILS@ Adelaide Law School announces conference on PPSA to take place at the Adelaide Festival Centre just over one year after the Australian PPSA’s commencement of operation. International and national experts will attend. For further details and registration page, please check http://law.adelaide.edu.au/events/ppsa/