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Pooling as a response to the competing interests in corporate group collapse in Australia
Author(s) -
Wyburn Mary
Publication year - 2010
Publication title -
international insolvency review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.125
H-Index - 7
eISSN - 1099-1107
pISSN - 1180-0518
DOI - 10.1002/iir.181
Subject(s) - pooling , insolvency , statutory law , corporate law , group (periodic table) , law and economics , business , law , economics , corporate group , accounting , political science , finance , corporate governance , computer science , chemistry , organic chemistry , artificial intelligence
There has always been a problem for company law in effectively responding to the financial collapse of a corporate group. In the past, a range of partial responses have been proposed and some implemented. The 2007 insolvency amendments introduced another partial solution, statutory pooling. This paper discusses the competing interests in a corporate group collapse, how Australian corporate law has so far dealt with group collapse and the implications of the 2007 statutory pooling amendments. Copyright © 2010 John Wiley & Sons, Ltd.