Workshop examines calls to change the regulation of insolvency practitioners
21 Jul 2011
Calls for significant changes to the regulation of insolvency practitioners following the case of liquidator, Stuart Ariff, and the ensuing 2010 report of the Senate Economics References Committee were recently put under the microscope at the 5th Insolvency Law Workshop.
Disqualification of directors, the role of creditors’ committees and the powers of liquidators were also among the topics discussed at the workshop hosted by The University of Sydney Business School this month.
The Business Law Discipline was pleased to host the 2011 workshop, having been the host at the first workshop in 2007. Both events were convened by Mary Wyburn, Senior Lecturer in the Business Law DisciplineThe centrepiece of the day’s discussion was consideration of the recently released options paper on the regulation of insolvency practitioners. Many of the proposals in the options paper were closely examined and comparisons were drawn with the regulatory approach in New Zealand.
Mary Wyburn said: “The workshop has become an important part of the Australian and New Zealand insolvency academics’ calendar. Several of the participants will be making submissions to government in response to the options paper and the workshop format provided a marvellous opportunity to discuss the issues and to share ideas about these and other insolvency reform proposals.”
Professor Andrew Terry, Chair of the Discipline of Business Law, welcomed speakers and workshop participants who came from Australian, New Zealand and Hong Kong universities. They included leading insolvency law scholars and some of the authors and editors of the main Australian textbooks and journal in the field.