Creditor defeating dispositions: combating illegal phoenixing or just making insolvency law more complex (28 February 2020)
Michael Daniel and Nicola Nygh discuss the Australian Government’s newly introduced illegal phoenixing reforms. On 17 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 (Cth) (the Act) received Royal Assent. The Act expands the powers of ASIC and liquidators in order to combat phoenixing, being the stripping and transferring of assets from … Continue reading Creditor defeating dispositions: combating illegal phoenixing or just making insolvency law more complex (28 February 2020) Continue reading…