Understanding Company Law 19th Edition
Publication Date: 13 December 2017
Understanding Company Law 19th edition is a leading text for both undergraduate law and business law students of corporations law. This edition retains the structure and features of earlier editions. It has been updated throughout to include discussion of the most recent relevant legislative developments, including the following:
The Insolvency Law Reform Act 2016 (Cth) is the most comprehensive reform of bankruptcy and corporate insolvency laws in more than twenty years. It inserted into the Corporations Act a new s 600K which incorporates the Insolvency Practice Schedule (Corporations) which sets out the main provisions relating to companies under voluntary administration; subject to a deed of company arrangement; in liquidation or provisional liquidation.
The most significant features of the Insolvency Practice Schedule (Corporations) are:
- removal of the distinction between official and registered liquidators;
- enhanced registration and disciplinary frameworks applicable to registered liquidators;
- significant changes to rules dealing with remuneration of external administrators;
- enhanced creditor rights that enable creditors to remove a registered liquidator and appoint a replacement and make reasonable requests for information and records; and
- the right of ASIC and the court to appoint a registered liquidator to review the performance of an external administrator.
This legislation is discussed in Chapters 22 to 25.
The Corporations Amendment (Crowd-sourced Funding) Act 2017 (Cth) established a new regulatory framework to facilitate crowd-sourced funding by small unlisted public and proprietary companies.
This legislation replaces the provisions dealing with prospectuses and other fundraising disclosure documents in relation t...