LAW7031

Corporate insolvency

(LAW)

Mr J Duns

6 points + One 2-hour seminar per week + First semester + City

Synopsis: Objectives and principles underlying corporate insolvency law. Procedures involved in a corporation being wound up. Insolvent trading and director's duty to creditors. Assets available for distribution in a winding up. The treatment of claims and liabilities in a winding up. The avoidance provisions of the Corporations Law including dispositions after the commencement of winding up, preferences, uncommercial transactions, unfair loans, floating charges, executions and attachments. Receivers and floating charges. Alternatives to winding up, in particular company administration and deeds of company arrangement.

Assessment: Supervised examination (1 1/2 hours): 40%, Research assignment (3,750 words): 50%, Class participation: 10%