On 1 January 2021, a number of changes to Australia’s insolvency framework came into effect, pursuant to the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) (the Act).
知的財産法:改正個人情報保護法に関する動き 競争法/独禁法①:公取委、フランチャイズ・ガイドライン改正案の公表 競争法/独禁法②:ドイツ競争法の重要な改正 エネルギー・インフラ:発電側基本料金制度に関する続報 労働法:「男性の育児休業取得促進策等について」の建議について 会社法:会社法施行規則及び会社計算規則の一部改正-定時株主総会におけるウェブ開示によるみなし提供制度の対象範囲の拡大特例- 危機管理:日本監査役協会が「企業集団における不祥事防止を切り口とした監査体制強化の在り方」を公表 一般民事・債権管理:「事業者を支える融資・再生実務のあり方に関する研究会」による論点整理の公表(新たな担保権「事業成長担保権(仮称)」の提言) M&A:中小企業庁、産業競争力強化法等の一部を改正する等の法律案の概要を公表 ファイナンス・ディスクロージャー:経済産業省「事業報告等と有価証券報告書の一体的開示FAQ(制度編)」 税務:国税庁、「在宅勤務に係る費用負担等に関するFAQ(源泉所得税関係)」を公表 中国・アジア(中国):「外国の法律及び措置の不当な域外適用の阻止に関する規則」の公布 新興国(UAE):オンショアの外資規制緩和を含む会社法の改正 国際訴訟・仲裁:ICC、SIAC等の近時の動向
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Changes to Australia’s insolvency framework proposed by the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 (Cth) have been passed by Parliament and will be available for eligible small businesses from 1 January 2021. Our recent article addressing the proposed Bill can be viewed here.
Following Treasury’s announcement on 24 September 2020 that it will introduce a suite of reforms to Australia’s insolvency framework, the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 (Cth) (Draft Bill) was released for public consultation between 7 and 12 October 2020, providing much needed clarity as to the practical effect of the insolvency reforms, which are expected to commence on 1 January 2021.
2020 has evolved in a way no-one could have predicted, and there is still much uncertainty as to what the future looks like (particularly as a result of Government stimulus payments and rent freezes varying or coming to an end, and newly announced insolvency law reforms that will affect businesses with liabilities of less than $1 million). While the outlook is not entirely pessimistic, suppliers should be preparing themselves for all scenarios.
Welcome to our latest edition of FMCG Express! 2020 continues to be an eventful year, although we are cautiously optimistic that we may be turning a corner in Australia. While COVID-19 continues to cast a shadow over our lives, our cities are starting to show green shoots of life, which is welcome news. Our thoughts are with our families, clients, associates, friends and colleagues in countries where numbers are at very concerning levels. In this edition, we have some useful COVID-19 reading. Siobhan Mulcahy considers the ongoing issues of JobKeeper with casual workers.
In the recent decision of Cant v Mad Brothers Earthmoving,[1] the Court of Appeal of the Supreme Court of Victoria (Justices Beach, McLeish and Hargrave) considered whether the liquidator of Eliana Construction and Developing Group (in liquidation) (Eliana) could establish that a payment made to an unsecured creditor of Eliana by one of Eliana’s related companies was an unfair preference.
The recent Federal Court decision of Scott v Southern Highlands Waste & Recycling Pty Ltd[1] provides liquidators with important guidance regarding the availability of search and seizure warrants under section 530C of the Corporations Act2001 (Cth) (the Corps Act).
In Caron and Seidlitz v Jahani and McInerney in their capacity as liquidators of Courtenay House Pty Ltd (in liq) & Courtenay House Capital Trading Group Pty Ltd (in liq) (No 2),[1] the New South Wales Court of Appeal was faced with what it described as the ‘classic insolvency conundrum’: how to distribute funds to investors as equally and as fairly as possible where the funds have