The Australian Securities and Investments Commission has published for a comment draft guidance concerning directors' duty to prevent insolvent trading under Section 588G of the Corporations Act (2001): see here (pdf). The guidance identifies the key matters which ASIC considers directors should take into account in meeting the duty as well as explaining those factors which ASIC will consider when determining if there has been a breach of the duty. Australia: directors' duty to prevent insolvent trading - draft ASIC guidance
Labels:
asic,
australia,
directors' duties,
insolvency
The Australian Securities and Investments Commission has published for a comment draft guidance concerning directors' duty to prevent insolvent trading under Section 588G of the Corporations Act (2001): see here (pdf). The guidance identifies the key matters which ASIC considers directors should take into account in meeting the duty as well as explaining those factors which ASIC will consider when determining if there has been a breach of the duty. Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
Incident: Sick Kids physician loses portable hard-drive with unencrypted personal health informationA physician from Sick Kids hospital who decided to travel with a portable hard-drive containing unencrypted health information on 3,300 pat...
-
According to an article in USA Today, Facebook is following in the footsteps of Google and others by using targeted ads. I'm not at all ...
-
On June 23, Australia's Parliamentary Joint Committee on Corporations and Financial Services published a report titled Better sharehold...
-
INSOL Europe recently published a report titled Harmonisation of Insolvency Law at EU Law Level : see here ( pdf ). The report outlines di...
-
"Police tried to calm the teen, but Holyfield became combative, according to the statement. Officers fired the stun gun at him after he...
-
Apparently the American government is about to implement its latest version of the no-fly list, without data mining using commercial sources...
-
The Information and Privacy Commissioner of Alberta released a very interesting order today, considering whether the right to freedom of exp...
-
Section 309 of the California Corporations Code provides that a director must act in good faith, in the manner in which he/she believes to...
-
If all those who say they should be in prison are willing to pay for that through their chequebooks rather than mine and many other taxpayer...
-
The International Organization of Securities Commissions has published a revised edition of its Objectives and Principles of Securities Reg...
Comments
Post a comment on: Australia: directors' duty to prevent insolvent trading - draft ASIC guidance