2014 Unit of Study
The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).
The University of Sydney session calendar shows exact dates for sessions.
|Business Failure and Restructuring|
|Prerequisites||CLAW2201 or CLAW2001|
|Lectures||Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops|
|Assessment||engagement & participation (15%), class test (25%), assignment (20%), and final exam (40%)|
|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 deconstruction under voluntary administration. Director\\\'s duties in the insolvency context, and corporate group and cross border insolvency, are also discussed.|