Download or read book Keay s Insolvency written by Michael Murray and published by . This book was released on 2011 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: The seventh edition of KEAY'S INSOLVENCY: PERSONAL AND CORPORATE LAW AND PRACTICE is timely. Australia and the rest of the world are starting to emerge from the Global Financial Crisis, which, apart from its economic and financial consequences, has been and remains a significant testing time for insolvency law and practice. Since the last edition, too, there have been numerous case law developments, as litigants and the courts have reacted to the issues brought on by the crisis, and policy responses to perceived deficiencies or areas for improvement in the insolvency regime. Corporate insolvency changes integrated in the text include shareholder rights arising from the Sons of Gwalia decision of the High Court, and tax liabilities for directors. Director liabilities in insolvency remain a major issue and are carefully addressed. Other changes are anticipated and are foreshadowed by the authors, including the personal property securities legislation commencing in May 2011. This edition also addresses the 2010 changes in bankruptcy legislation: the raising of the commencement threshold from $2000 to $5000; the remuneration regime for trustees; and many regulatory and process reforms, including those concerning online advertising. Laws related to insolvency, including cross-border insolvency, tax, family law, and general corporate, contract and property law, are addressed throughout. A new final chapter in the text critically surveys where Australia's insolvency regime stands in terms of its efficiency and effectiveness, and its anticipated future, including within an international context. The significant structural recommendations made by the September 2010 Senate Report on corporate insolvency are addressed. While the text's content and structure have been retained, the authors have reacted to trends occurring in corporate insolvency and placed more emphasis on corporate restructuring law and practice, including outside the context of formal insolvency. The practice component of the text is emphasised, with reference throughout to ASIC and ITSA guides and forms, professional standards, and to court procedures.