Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses – JD Supra

In response to the emergence of the COVID-19 pandemic in Australia in 2020, the federal government injected an unprecedented level of stimulus into the Australian economy and introduced temporary law reforms aimed at protecting against an anticipated “tidal wave” of insolvencies. These temporary law reforms included a moratorium on civil liability for insolvent trading for…

UK Consultation Letter: Directors’ Duties and Insolvency – The National Law Review

Advertisement Wednesday, March 24, 2021 The Government has issued aconsultation paperregarding statutory audits and financial reporting. The consultation makes proposals in relation to four areas, namely directors, auditors and audit firms, shareholders and the audit regulator. We havepreviously summarisedthe proposals impacting the purpose and scope of an audit. This post will focus upon the matters…

Efforts underway to secure distinction for farmland in personal insolvency laws – Farm Ireland

Farmland is intrinsically linked to farm family homes and debt secured against it should be considered relevant debt under personal insolvency legislation, according to IFA Farm Business Chairperson Rose Mary McDonagh. n IFA delegation recently met with the Minister for Justice Helen McEntee and the Minister of State for Law Reform James Browne to discuss…