Business Failure and Restructuring (CLAW2202)


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.

Our courses that offer this unit of study

Further unit of study information


Three hours of classes per week which may include one or more of the following: lectures; seminars; tutorials or workshops


class participation (15%), class test (25%), presentation (25%), presentation questions (15%), final exam (20%)

Faculty/department permission required?


Unit of study rules

Prerequisites and assumed knowledge

CLAW2201 or CLAW2001



Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.