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<link><![CDATA[http://www.allens.com.au/pubs/insol/index.htm]]></link><description><![CDATA[Insolvency & Restructuring publications from international law firm Allens Arthur Robinson]]></description><copyright><![CDATA[(c) Allens Arthur Robinson]]></copyright><image><title><![CDATA[Allens Arthur Robinson Insolvency & Restructuring publications]]></title><url>http://www.allens.com.au/common/images04/hd_right_logo.gif</url><link>http://www.allens.com.au/pubs/insol/index.htm</link></image><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" type="application/rss+xml" href="http://feeds.feedburner.com/AllensInsolvencyRestructuringPublications" /><feedburner:info xmlns:feedburner="http://rssnamespace.org/feedburner/ext/1.0" uri="allensinsolvencyrestructuringpublications" /><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="hub" href="http://pubsubhubbub.appspot.com/" /><item><title><![CDATA[Allens:  Focus: Clarification on statutory demands - 18 March 2013]]></title><description><![CDATA[A Western Australian Supreme Court of Appeal decision has clarified the law on statutory demands, holding that a statutory demand for a portion of a larger debt is permissible. Partner Philip Blaxill, Senior Associate Rebecca Collins and Lawyer Tom Langdon report.]]></description><pubDate>Mon, 18 Mar 2013 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol18mar13.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol18mar13.htm</guid></item><item><title><![CDATA[Allens:  Focus: When can receivers resist inspection of company documents? - 26 February 2013]]></title><description><![CDATA[Two recent decisions have considered the circumstances in which directors can inspect the books and records of a company in receivership, and the basis on which receivers can prevent this. Partner Philip Blaxill and Lawyer Aparna Nanayakkara report.]]></description><pubDate>Tue, 26 Feb 2013 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol26feb13.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol26feb13.htm</guid></item><item><title><![CDATA[Allens:  Focus: The PPSA 12 months on - 19 February 2013]]></title><description><![CDATA[With the midpoint of the two-year transition period under the Personal Property Securities Act having just passed, it is a good time to reflect on some issues that have come to light in the past 12 months. The Allens PPS team reports.]]></description><pubDate>Tue, 19 Feb 2013 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/baf/fobaf19feb13.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/baf/fobaf19feb13.htm</guid></item><item><title><![CDATA[Allens:  Linklaters Insights: Business judgment standard applicable to sale of assets located in U.S. in a Chapter 15 case - 14 December 2012]]></title><description><![CDATA[On November 16, 2012, the United States Bankruptcy Court for the District of Delaware issued an opinion in the Chapter 15 case of In re Elpida Memory, Inc. addressing which legal standard applied to the Bankruptcy Court’s review of an asset sale already approved by the court presiding over Elpida’s main reorganization proceeding in Japan.]]></description><pubDate>Fri, 14 Dec 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/linkinsight14dec12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/linkinsight14dec12.htm</guid></item><item><title><![CDATA[Allens:  Focus: No special treatment for foreign insolvency recovery judgments in the UK - 01 November 2012]]></title><description><![CDATA[No special rule exists for the enforcement of foreign judgments relating to insolvency proceedings, according to a UK Supreme Court ruling that has important implications for those dealing with the assets of an insolvency in the UK. Partner Michael Quinlan and Law Graduate Dana Beiglari report.]]></description><pubDate>Thu, 01 Nov 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol1nov12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol1nov12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Draft Tax determinations highlight tax obligations of agents and trustees - 08 October 2012]]></title><description><![CDATA[Two long-awaited draft Tax Determinations released by the Australian Taxation Office highlight the obligations of insolvency practitioners, and others who act as an agent or trustee, to retain sufficient money to pay tax which is, or will become, payable on any income, profits or gains arising from their appointment. Partners Charles Armitage and Michael Quinlan and Senior Associate Joanne Langford report]]></description><pubDate>Mon, 08 Oct 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/tax/fotax08oct12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/tax/fotax08oct12.htm</guid></item><item><title><![CDATA[Allens:  Focus: What does an ambiguously worded charge 'secure'? - 25 September 2012]]></title><description><![CDATA[A recent Supreme Court of Western Australia decision suggests that when resolving ambiguities regarding which property is intended to be covered by a charge, the surrounding 'commercial circumstances' may be considered. If necessary, the court may rectify the wording of the charge document, even if the chargor company is under administration. Partner Philip Blaxill, Lawyer Scott Ivey and Research Assistant Emma Cundale report.]]></description><pubDate>Tue, 25 Sep 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol25sep12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol25sep12.htm</guid></item><item><title><![CDATA[Allens:  Client Update: Lessons for lenders and directors from the Bell Group appeal decision - 20 September 2012]]></title><description><![CDATA[The Western Australian Court of Appeal has handed down its 1024-page judgment in the Bell Group litigation, Australia's longest-running proceedings. The case arose out of an attempted work-out, in which a group of companies in financial difficulties gave security to banks in exchange for giving the borrower more time, and to avoid liquidation. More than a year later, liquidators were appointed to the companies and the banks enforced their security.]]></description><pubDate>Thu, 20 Sep 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/baf/cubaf20sep12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/baf/cubaf20sep12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Creditors' property sold despite PPS registration - 11 September 2012]]></title><description><![CDATA[A recent Federal Court decision has permitted administrators of a large business group to dispose of certain unclaimed plant and equipment, even though it was registered on the Personal Property Securities Register. Partner Michael Quinlan (view CV) and Lawyer Shae Roberts report on what can happen when parties fail to adequately identify their secured property.]]></description><pubDate>Tue, 11 Sep 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol11sep12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol11sep12.htm</guid></item><item><title><![CDATA[Allens:  Focus: No heads-up required for ASIC examination - 30 August 2012]]></title><description><![CDATA[A recent Federal Court decision confirms that the Australian Securities and Investments Commission is not required to give notice to a potential examinee when it authorises receivers and managers to conduct an investigation of the examinable affairs of a company. Partner Michael Quinlan and Law Graduate Arlou Arteta report.]]></description><pubDate>Thu, 30 Aug 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol30aug12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol30aug12.htm</guid></item><item><title><![CDATA[Allens:  Focus: High bar to restraining collection of tax - 16 July 2012]]></title><description><![CDATA[A recent Supreme Court of New South Wales decision, dismissing an application to restrain the Office of State Revenue from recovering assessed taxes while the time to challenge the assessments was still running, confirms the courts' reluctance to interfere with the recovery of taxes. Partner Michael Quinlan and Lawyer Yu Zhang report]]></description><pubDate>Mon, 16 Jul 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol16jul12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol16jul12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Good news for receivers and administrators who act in good faith - 28 June 2012]]></title><description><![CDATA[Australian administrators and receivers – and their lawyers – will gain confidence from a recent English decision that confirms no claim in tort can be brought against an administrator, as an agent, for procuring the company to which he or she has been appointed to act in breach of contract, provided the administrator has acted in good faith. Partner Michael Quinlan and Lawyer Joshua Busuttil report]]></description><pubDate>Thu, 28 Jun 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol28jun12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol28jun12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Keeping the tax man at bay: winding up application adjourned for tax appeal - 29 May 2012]]></title><description><![CDATA[A recent Federal Court decision granting an adjournment of a winding up application may indicate an increasing willingness by the courts to take into account the impact of a tax appeal on the ultimate financial viability of a company, even if it is insolvent. Partner Michael Quinlan and Law Graduate Arlou Arteta report]]></description><pubDate>Tue, 29 May 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol29may12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol29may12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Want to set aside a statutory demand? First try to settle or be prepared to explain yourself! - 15 May 2012]]></title><description><![CDATA[The Federal Court has recently determined that a company applying to the Federal Court to set aside a statutory demand must file a 'genuine steps' statement. This means that the party must try to settle the dispute before bringing the application or explain why it has failed to do so. Partner Michael Quinlan and Lawyer David Harris report]]></description><pubDate>Tue, 15 May 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol15may12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol15may12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Some not so sour grapes. Maybe you can set-off more than you thought? - 09 May 2012]]></title><description><![CDATA[A recent Victorian Supreme Court decision confirms that post-liquidation debts arising from pre-liquidation obligations can be set-off. Partner Michael Quinlan and Lawyer Amy Burton report]]></description><pubDate>Wed, 09 May 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol9may12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol9may12.htm</guid></item><item><title><![CDATA[Allens:  Client Update: Landmark changes to discovery in the NSW Supreme Court - 01 May 2012]]></title><description><![CDATA[In March of this year, the Supreme Court of New South Wales announced major changes to its approach to discovery that are likely to profoundly alter the conduct of commercial disputes in that court. On 30 April 2012, the Chief Justice and key judges of the court's Equity Division addressed practitioners to further explain and clarify aspects of the new appraoch. Partner Richard Harris and Lawyer Elnaz Nikibin report on the changes, some of the matters being emphasised by the court and some similar themes emerging in the Federal Court]]></description><pubDate>Tue, 01 May 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/ldr/culdr1may12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/ldr/culdr1may12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Receivers' examination powers upheld as constitutionally valid - 28 March 2012]]></title><description><![CDATA[A recent WA Court of Appeal decision has affirmed the constitutional validity of a court's power to conduct public examinations of a corporation in receivership and where property of a corporation is in the possession of a mortgagee. Partner Philip Blaxill, Senior Associate Corey Steel and Law Graduate Miranda Cummings report on a case of interest to secured creditors and receivers across Australia]]></description><pubDate>Wed, 28 Mar 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol28mar12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol28mar12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Latest decision on shareholder causation - 22 March 2012]]></title><description><![CDATA[The Full Federal Court has handed down judgment in the latest Australian appellate court decision to consider the standard of causation evidence necessary to establish a shareholder claim against a company - in this case, HIH - for misleading or deceptive conduct. Partner Duncan Travis and Senior Associate Jonathan Joseph report]]></description><pubDate>Thu, 22 Mar 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/ldr/foldr22mar12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/ldr/foldr22mar12.htm</guid></item><item><title><![CDATA[Allens:  Focus: High Court gives guidance on farm debt mediation legislation - 21 March 2012]]></title><description><![CDATA[A significant High Court judgment has provided clear guidance on the limitations imposed under New South Wales farm debt mediation legislation on lenders enforcing security over farms. Partner Andrew Boxall and Lawyer Marian Pond report]]></description><pubDate>Wed, 21 Mar 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/baf/fobaf21mar12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/baf/fobaf21mar12.htm</guid></item><item><title><![CDATA[Allens:  Focus: 'Phoenixing' reforms introduced - 29 February 2012]]></title><description><![CDATA[The Federal Government has introduced draft laws directed at companies that engage in 'phoenix'-related activity, including imposing liabilities on the directors of those companies. Partner Simon Dewberry, Special Counsel Luke Gattuso and Senior Associate Matthew McCarthy report]]></description><pubDate>Wed, 29 Feb 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/wr/fowr29feb12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/wr/fowr29feb12.htm</guid></item><item><title><![CDATA[Allens:  Focus: When is a creditor not a creditor? - 21 February 2012]]></title><description><![CDATA[Two recent NSW court decisions have shed light on which claims will be admissible against a company in external administration. Partner Michael Quinlan, Lawyer Mitch Riley and Summer Clerk Alistair Oakes report]]></description><pubDate>Tue, 21 Feb 2012 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol21feb12.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol21feb12.htm</guid></item><item><title><![CDATA[Allens:  Focus: Proposed reforms to insolvency industry regulation - 19 December 2011]]></title><description><![CDATA[The way the insolvency industry is regulated could be reformed under proposals contained in a Federal Government paper. The reform is aimed at promoting a high level of practitioner professionalism and competency, and increased efficiency in insolvency administration. Partner Michael Quinlan, Lawyer Laura Racky and Summer Clerk Nicole Meyer report]]></description><pubDate>Mon, 19 Dec 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol19dec11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol19dec11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Is it easier to bring proceedings against companies in administration? - 30 November 2011]]></title><description><![CDATA[In a welcome development for anyone wanting to bring court proceedings against a company in administration, the NSW Supreme Court has lifted the statutory moratorium on proceedings against a company in administration to allow a plaintiff to enforce an arbitral award. It has also clarified its role in enforcing arbitral awards. Partner Michael Quinlan and Lawyer Jonathan Adamopoulos report]]></description><pubDate>Wed, 30 Nov 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol30nov11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol30nov11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Winding up foreign companies in Australia not so easy - 03 November 2011]]></title><description><![CDATA[A recent Federal Court decision has provided important guidance for creditors of foreign companies who are considering using the special winding-up regime for foreign companies contained in the Corporations Act. Partner Michael Quinlan, and Lawyer David Harris report]]></description><pubDate>Thu, 03 Nov 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol03nov11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol03nov11.htm</guid></item><item><title><![CDATA[Allens:  Focus: The Timbercorp class action cut down - 29 September 2011]]></title><description><![CDATA[In a landmark decision, the Victorian Supreme Court recently dismissed a class action by Timbercorp investors following the collapse of the Timbercorp Group in April 2009. Partner Irene Trethowan and Lawyers Kate Austin and Brenton Pollard look at the decision, which further clarifies the disclosure obligations of companies when issuing product disclosure statements for financial products and is likely to have implications for investors involved in other managed investment scheme class actions]]></description><pubDate>Thu, 29 Sep 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/ldr/foca29sep11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/ldr/foca29sep11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Trusty liquidators not left out of pocket - 23 September 2011]]></title><description><![CDATA[The Federal Court, in considering the collapse of the Great Southern group of companies, has reiterated that a trustee is entitled to be reimbursed or indemnified from the trust property for any expenses that have been properly incurred in the trust's management. Partner Michael Quinlan and Lawyer David Harris report]]></description><pubDate>Fri, 23 Sep 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol23sep11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol23sep11.htm</guid></item><item><title><![CDATA[Allens:  Focus: UK Supreme Court enforces 'flip' clause - 12 September 2011]]></title><description><![CDATA[The United Kingdom Supreme Court has held that a flip clause does not contravene the anti-deprivation principle under English bankruptcy law and this complements the position adopted by the High Court of Australia. Partner Michael Quinlan and Lawyer Sally Kirby report]]></description><pubDate>Mon, 12 Sep 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol12sep11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol12sep11.htm</guid></item><item><title><![CDATA[Allens:  Focus: A 'privileged' life - receivers' legal professional privilege upheld in WA - 02 September 2011]]></title><description><![CDATA[The Supreme Court of Western Australia has held that a receiver can assert legal professional privilege over solicitors' bills of costs incurred by them through their receivership. Partner Philip Blaxill, Senior Associate Corey Steel and Lawyer Stephen Olynyk look at a case that also indicates this privilege extends to the narrations contained within solicitors' bills of costs and receivers' charging schedules]]></description><pubDate>Fri, 02 Sep 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol2sep11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol2sep11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Liquidators can't sell company property subject to non-assignment clause - 11 August 2011]]></title><description><![CDATA[The NSW Court of Appeal has held that a liquidator's power to sell company property does not extend to the sale or assignment of contractual rights that are subject to a non-assignment clause. This limitation also applies to receivers and voluntary administrators. Partner Michael Quinlan and Law Graduate Stephen Lloyd report]]></description><pubDate>Thu, 11 Aug 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol11aug11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol11aug11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Court approves a creditors' trust - 15 July 2011]]></title><description><![CDATA[The NSW Supreme Court has recently authorised administrators to recommend a deed of company arrangement involving a creditors' trust to creditors, despite the Australian Securities and Investments Commission's published objections to these arrangements. Partner Michael Quinlan and Lawyer David Harris report]]></description><pubDate>Fri, 15 Jul 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljul11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljul11.htm</guid></item><item><title><![CDATA[Allens:  Focus: When unfair preference must be repaid due to suspicion of insolvency - 24 June 2011]]></title><description><![CDATA[The Victorian Supreme Court recently confirmed that a debtor's failure to pay its debts on time is, of itself, not a reasonable ground for a creditor to suspect the debtor's insolvency. Partner Michael Quinlan and Law Graduate Fiona Chung report]]></description><pubDate>Fri, 24 Jun 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljun11_03.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljun11_03.htm</guid></item><item><title><![CDATA[Allens:  Focus: No detailed explanation equals no guarantee - 16 June 2011]]></title><description><![CDATA[It has recently been held that it would be unconscionable to allow a lender to enforce a guarantee against a borrower's wife, even though she was well-educated, not misinformed and understood the guarantee's general nature. Partner Michael Quinlan and Lawyer Stewart Webster report]]></description><pubDate>Thu, 16 Jun 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljun11_02.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljun11_02.htm</guid></item><item><title><![CDATA[Allens:  Focus: Opportunity to comment on insolvency profession reform - 10 June 2011]]></title><description><![CDATA[The Federal Government has released an options paper that examines proposals on regulatory reform of Australia's insolvency profession. Partner Michael Quinlan, Lawyer Veronica Blanpain and Law Graduate Fiona Chung report on the proposals, which could affect practitioners' remuneration and disciplining processes, and expand creditors' powers.]]></description><pubDate>Fri, 10 Jun 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljun11_01.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljun11_01.htm</guid></item><item><title><![CDATA[Allens:  Focus: Scope of receiver's liability for 'other amounts' wound back - 06 June 2011]]></title><description><![CDATA[A recent decision has wound back the scope of a receiver's liability for 'other amounts' and emphasised the need for alleged 'owners' of goods to prove their ownership. Partner Michael Quinlan and Lawyer Sally Kirby report]]></description><pubDate>Mon, 06 Jun 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljun11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljun11.htm</guid></item><item><title><![CDATA[Allens:  Focus: One Tel - the danger of 'hastening slowly' - 18 May 2011]]></title><description><![CDATA[The NSW Supreme Court has handed down a decision setting aside service of the statement of claim brought by the special purpose liquidator of One.Tel Limited (in liq) and dismissing the proceedings in their entirety. Partner Malcolm Stephens and Senior Associate Chris Prestwich report]]></description><pubDate>Wed, 18 May 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/ldr/foldrmay11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/ldr/foldrmay11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Good news for lenders - shadow directorship risks clarified - 12 May 2011]]></title><description><![CDATA[Recent guidance from the New South Wales Court of Appeal on the hotly debated elements of shadow directorship is good news for secured lenders in workout situations who wish to impose conditions on their continued support for their borrowers. While there is still a fine line between permissible conduct and shadow directorship, the case suggests that conditions on loans and/or forbearance do not a shadow director make. Partner Michael Quinlan and Lawyer Amy Spira report]]></description><pubDate>Thu, 12 May 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolmay11_01.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolmay11_01.htm</guid></item><item><title><![CDATA[Allens:  Focus: Litigation funding decision impacts on insolvency practitioners - 02 May 2011]]></title><description><![CDATA[The New South Wales Court of Appeal recently held, with significant implications for insolvency practitioners, that a litigation funding agreement constituted a 'financial product' and could be rescinded because the funder was not licensed to deal in 'financial products'. This follows the Full Federal Court's 2009 decision that litigation funding arrangements for class actions constitute 'managed investment schemes' (a particular type of 'financial product'). Partners Ross Drinnan and Michael Quinlan and Senior Associate Jenny Campbell report]]></description><pubDate>Mon, 02 May 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolmay11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolmay11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Recoverability of post-receivership costs - 21 April 2011]]></title><description><![CDATA[A recent High Court of England and Wales decision has determined that costs incurred by a former court-appointed receiver after the receivership has ended can be recovered from receivership assets that are still subject to the former receiver's lien. Partner Michael Quinlan and Lawyer Mitch Riley report]]></description><pubDate>Thu, 21 Apr 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol21apr11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol21apr11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Court marshalls debt - 14 April 2011]]></title><description><![CDATA[Mortgagees should be aware of a recent England and Wales High Court decision that considers the circumstances in which the 'equitable doctrine of marshalling' of debt will apply. The doctrine operates in the same way in Australia. Partner Michael Quinlan and Senior Associate Przemek Kucharski report.]]></description><pubDate>Thu, 14 Apr 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol14apr11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol14apr11.htm</guid></item><item><title><![CDATA[Allens:  Focus: UK Supreme Court abolishes expert immunity - 05 April 2011]]></title><description><![CDATA[A landmark decision recently handed down by the UK Supreme Court has found that there was no justification to continue to give expert witnesses immunity from being sued for negligence in relation to the evidence they give in court or the views that they express in anticipation of court proceedings. The court did not accept that potential liability would result in reluctance on the part of experts to accept instructions, nor would it prevent them from exercising their overriding duty to the court and acting with diligence and integrity. Partner Michael Quinlan Senior Associate Joanne Howie report]]></description><pubDate>Tue, 05 Apr 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolapr11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolapr11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Alinta Finance restructuring - 30 March 2011]]></title><description><![CDATA[Schemes of arrangement are re-emerging as an effective tool for restructuring companies with unsustainable secured debt. The Supreme Court of New South Wales recently made orders approving four schemes of arrangement between companies in the Alinta Finance group and their scheme creditors which effected a restructure of secured debt owed by those entities and a transfer of the ownership of the companies in Alinta Finance group to a company owned by the lenders. Senior Associate Christopher Prestwich reports]]></description><pubDate>Wed, 30 Mar 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolmar11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolmar11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Enforceability of guarantee covenants - use it or lose it - 10 February 2011]]></title><description><![CDATA[Lenders and landlords (and, in particular, anyone seeking to rely on a promise to obtain a guarantee of debt from a third party) should be aware of the recent New South Wales Court of Appeal decision that considered the enforceability of guarantee covenants and the circumstances in which an estoppel by representation will be found. Partner Michael Quinlan and Lawyer Madeleine Ellicott report]]></description><pubDate>Thu, 10 Feb 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolfeb11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolfeb11.htm</guid></item><item><title><![CDATA[Allens:  Focus: New code of professional practice takes effect - 21 January 2011]]></title><description><![CDATA[The second edition of the IPA Code of Professional Practice for Insolvency Practitioners took effect from 1 January 2011. Partner Michael Quinlan and Lawyer Leesa Vanmali report on some of the significant changes]]></description><pubDate>Fri, 21 Jan 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljan11_02.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljan11_02.htm</guid></item><item><title><![CDATA[Allens:  Focus: Winding up a trustee company as termination of the trust? - 17 January 2011]]></title><description><![CDATA[The NSW Supreme Court has determined that the bringing of a winding-up application by unitholders of a trust against the trustee company cannot be characterised as a step taken to terminate or vest the trust, or to procure the distribution of the trust's capital or assets. Partner Michael Quinlan and Lawyer David Harris report.]]></description><pubDate>Mon, 17 Jan 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljan11_01.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljan11_01.htm</guid></item><item><title><![CDATA[Allens:  Focus: What is 'the whole or substantially the whole' of a company's property? - 10 January 2011]]></title><description><![CDATA[ A recent decision of the Victorian Supreme Court gives some guidance on the circumstances when a secured lender, who is entitled to enforce a charge over 'the whole or substantially the whole of a company', has the right to appoint voluntary administrators to the company.  Partner Michael Quinlan, Senior Associate Matthew McCarthy and Vacation Clerk Freya Dinshaw report.]]></description><pubDate>Mon, 10 Jan 2011 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoljan11.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoljan11.htm</guid></item><item><title><![CDATA[Allens:  Focus: Receivers not obligated to pay employee entitlements - 23 December 2010]]></title><description><![CDATA[The Federal Court has clarified receivers' obligations to pay employees' leave entitlements and superannuation contributions out of the assets of a company subject to a floating charge. The court held that receivers are only required to pay Entitlements that fall due before their appointment. Special Counsel Philip Blaxill and Lawyers Bryn Dodson and Melanie Rifici report]]></description><pubDate>Thu, 23 Dec 2010 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoldec10.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoldec10.htm</guid></item><item><title><![CDATA[Allens:  Client Update: ASIC reports on its National Insolvent Trading Program - 18 October 2010]]></title><description><![CDATA[The Australian Securities and Investments Commission has released a report on the results of its National Insolvent Trading Program, aimed to help company directors avoid insolvent trading. Partner Richard Harris and Senior Associate Angela Martin report.]]></description><pubDate>Mon, 18 Oct 2010 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/cuinsoloct10.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/cuinsoloct10.htm</guid></item><item><title><![CDATA[Allens:  Focus: If the cap fits - a warning to administrators - 12 October 2010]]></title><description><![CDATA[A recent New South Wales Court of Appeal decision gives further guidance as to whether a cap on an administrator's remuneration precludes them from seeking a review under section 449E(2) of the Corporations Act 2001 (Cth). Partner Michael Quinlan and Lawyer Clementine Allan report]]></description><pubDate>Tue, 12 Oct 2010 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsol12oct10.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsol12oct10.htm</guid></item><item><title><![CDATA[Allens:  Focus: Court expands liability for rent 'or other amounts' - 06 October 2010]]></title><description><![CDATA[Insolvency practitioners should take note of a recent NSW Supreme Court decision that adopted a broad approach to the legislation imposing liability on receivers and mortgagees in possession for rent or other amounts payable under a property contract. The same reasons would extend to voluntary administrators' liability. Partner Michael Quinlan, Senior Associate Tim Robinson and Law Graduate Jack Power report.]]></description><pubDate>Wed, 06 Oct 2010 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsoloct10.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsoloct10.htm</guid></item><item><title><![CDATA[Allens:  Focus: Senate reports on regulation of insolvency practitioners - 20 September 2010]]></title><description><![CDATA[The transfer of responsibility for supervision of Australia's corporate insolvency regime, the introduction of a new licensing system for insolvency practitioners and changes to the regulation of practitioners' remuneration are just some of the reforms recommended in a recently released Senate Economics References Committee report on the insolvency profession. Partner Michael Ilott and Law Graduate Jack Power look at the recommendations.]]></description><pubDate>Mon, 20 Sep 2010 00:00:00 +1100</pubDate><link>http://www.allens.com.au/pubs/insol/foinsolsep10.htm?rss=true</link><guid isPermaLink="true">http://www.allens.com.au/pubs/insol/foinsolsep10.htm</guid></item></channel></rss>
