NSW's shift on personal liability for corporate fault good news for insolvency practitioners

The proposed scaling back of directors' liability provisions is good news for insolvency practitioners.

In good news for insolvency practitioners, the NSW Government formally adopted the Council of Australian Governments guidelines on "Personal Liability for Corporate Fault" as NSW policy on 31 July 2012 .

What are the "Personal Liability for Corporate Fault" guidelines?

Filed under:
Australia, New South Wales, Company & Commercial, Insolvency & Restructuring, Clayton Utz, Liquidator (law), Prima facie, Council of Australian Governments, Corporations Act 2001 (Australia)
Location:
Australia
Firm:
Clayton Utz