Journal article

Insolvency Law Reform in Australia and Singapore: Directors' Liability for Insolvent Trading and Wrongful Trading

Stacey Steele, Ian Ramsay, Miranda Webster

International Insolvency Review: journal of the international association of insolvency professionals | Wiley | Published : 2019

Abstract

This article compares reforms to directors’ liability for insolvent trading in Singapore and in Australia. The authors analyse the law in these two countries because they are important Asia-Pacific trading partners and their laws were originally largely the same – Singapore’s law on insolvent trading reflected the law in Australia from the 1960s. However, the law in the two countries has now diverged substantially. The comparison of these two countries therefore represents an interesting case study in how countries differ in their approaches to balancing the competing interests evident in laws that impose personal liability on company directors for insolvent trading. Reform of the prohibitio..

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University of Melbourne Researchers