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Bank-friendly insolvency regime challenged by new laws – The Sydney Morning Herald

Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders.

The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul of insolvency laws.



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Read the full article at: http://www.smh.com.au/business/banking-and-finance/bankfriendly-insolvency-regime-challenged-by-new-laws-20170530-gwfm7b.html

Category: BankruptcyBy Insolvency GuardianMay 30, 2017

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Bank-friendly insolvency regime challenged by new laws – The Sydney Morning Herald

Australia’s corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders.

The federal government is expected to soon publish legislation it hopes will “reduce the stigma associated with business failure”, and one aspect of this will be an overhaul of insolvency laws.



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Read the full article at: http://www.smh.com.au/business/banking-and-finance/bankfriendly-insolvency-regime-challenged-by-new-laws-20170529-gwfm7b.html

Category: BankruptcyBy Insolvency GuardianMay 29, 2017

Post navigation

PreviousPrevious post:Wesfarmers role offers lots of Hard Yakka for ex Virgin David Baxby – The Sydney Morning HeraldNextNext post:Chinese table tennis gold medallist sued over Singapore gambling debt – SBS

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