WHO SHOULD READ THIS

• Industry participants in the construction sector.

THINGS YOU NEED TO KNOW

• The deadline for comments on the Improving Bankruptcy and Insolvency Laws Proposals Paper is 27 May 2016.

WHAT YOU NEED TO DO

The NSW Supreme Court recently handed down its decision in Re HIH Insurance Limited (In Liq)^[1]. This long-running saga began with the collapse 15 years ago of Australia’s (then) second largest insurance company, HIH Insurance Limited, and has since seen a royal commission, the imprisonment of various senior management figures, and losses totalling more than $5 billion.