PLC releases 2012 'Restructuring and Insolvency' article

The Practical Law Company has released its 2012 multi-jurisdictional 'Restructuring and Insolvency' article. The Australian chapter was written by Partner Michael Quinlan, Senior Associate Przemek Kucharski and Lawyer Yu Zhang. It provides a good summary of the main aspects of the Australian insolvency system, including the different forms of external administration, directors' duties in relation to insolvent companies and when pre-insolvency transactions can be set aside.