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A principled justification for business rescue laws: A comparative perspective (part 1)


Dal Pont, G and Griggs, LD, A principled justification for business rescue laws: A comparative perspective (part 1), International Insolvency Review, 4, (2) pp. 189-198. ISSN 1180-0518 (1995) [Non Refereed Article]

DOI: doi:10.1002/iir.3940040205


In 1992 the Federal Government of Australia introduced the voluntary procedure administration as an option for a company in financial difficulties. In the same year the Canadian Parliament introduced legislation with the same objective. The precursor to both Australian and Canadian initiatives is the American Chapter 11 procedure. However there are some significant differences between the approaches adopted. These differences are outlined as a precursor to an analysis of selected policies behind business rescue laws. By considering the aim of the legislation and objective criteria against which the legislation could be assessed the authors conclude that the Australian procedure is preferable to both its Canadian and American counterparts. Part II of this article will appear in the next issue of IIR. Copyright © 1995 John Wiley & Sons, Ltd.

Item Details

Item Type:Non Refereed Article
Research Division:Law and Legal Studies
Research Group:Commercial law
Research Field:Commercial law
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in psychology
UTAS Author:Dal Pont, G (Professor Gino Dal Pont)
UTAS Author:Griggs, LD (Mr Lynden Griggs)
ID Code:3970
Year Published:1995
Deposited By:Law
Deposited On:1995-08-01
Last Modified:2011-09-09

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