Insolvency Law (LAWS6159)


The unit provides an introduction to the mainly statutory law regulating bankrupt individuals and insolvent companies to be found in the Bankruptcy Act 1966 and Corporations Act 2001. It explores the objectives and key principles of insolvency law, the pari passu principle, the various forms of insolvent administration including informal workouts, bankruptcy, liquidation, receivership, voluntary administration, schemes of arrangement and associated procedures together with the avoidance of transactions in insolvency. The unit also considers the impact of insolvency on existing contractual and proprietary rights from the perspective of employees, unsecured creditors, shareholders, trustees of trusts and third parties generally. The unit also considers cross border insolvency and the Cross Border Insolvency Act 2008. The impact of the PPSA on insolvency is also analysed. The unit involves a significant component of statutory interpretation.

Our courses that offer this unit of study

Further unit of study information


Jul 6, 7 & 13, 14 (9-5)


assignment (50%), 4000wd essay (50%)

Faculty/department permission required?


Unit of study rules

Assumed knowledge

undergraduate law degree with good background in Australian corporate law


CLAW6006 or LAWS3403 or LAWS3445 or LAWS5103

Additional Information

This unit replaced LAWS6159 Corporate Insolvency Law.

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.