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Unit of Study

Business Failure and Restructuring
UoS Code CLAW2202
Credit points 6
Offered Semester 2
Prerequisites CLAW2201 or CLAW2001
Corequisites
Prohibitions CLAW2002
Assumed Knowledge
Additional Information
Lectures Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops
Assessment class participation (15%), class test (25%), presentation (25%), presentation questions (15%), final exam (20%)
Description Financial difficulty is an ever present reality for individuals and businesses. This unit addresses corporate insolvency and the bankruptcy of individuals and their consequences, and legal and commercial strategies for financial rehabilitation. The focus of the unit is corporate insolvency and the forms of external administration (receivership, voluntary administration, deeds of company arrangement, schemes of arrangements and winding up) designed to either rescue the corporation or, if this is not possible, to provide a fair and orderly process for dealing with its property. Particular emphasis is given to rescue and reconstruction under voluntary administration. Director\\\'s duties in the insolvency context, and corporate group and cross border insolvency, are also discussed.