Zone of Insolvency

Zone of Insolvency

Category Archives: Australia

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AAT approves application of non-resident insolvency practitioner to become a registered liquidator

Posted in Australia

Partner Scott Atkins and senior associate Jonathon Turner acted for Mitchell Mansfield of Borelli Walsh Singapore in a successful appeal before the Administrative Appeals Tribunal (AAT) in relation to an application under the new statutory scheme for registration as a liquidator. Reasons for the decision were handed down on Tuesday.

The appeal raises significant issues about the new regime following the reforms introduced by the Insolvency Law Reform Act 2016, and is the first case before the AAT where the operation of the new regime has been considered.

We will be releasing a comprehensive analysis of the decision shortly.… Continue Reading

Republic of Myanmar: new insolvency and restructuring laws

Posted in Australia

Sydney-based Financial Restructuring and Insolvency Partners of Norton Rose Fulbright, Scott Atkins and John Martin, together with Special Counsel Rodney Bretag, are close to finalising a new insolvency and restructuring law for the Republic of Myanmar.

The team from NRF are working with the Asian Development Bank and the Union Supreme Court. Their work is focussed upon strengthening and modernising the legal and institutional framework of Myanmar’s insolvency and restructuring regime as well as undertaking associated capacity development of institutions and the legal and accounting professions to support the introduction of the new laws. The overarching objective is to create … Continue Reading