Adjusting creditor rights against third parties during debt restructuring

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dc.contributor.author Harris, Jason en_US
dc.contributor.editor en_US
dc.date.accessioned 2012-10-12T03:35:27Z
dc.date.available 2012-10-12T03:35:27Z
dc.date.issued 2011 en_US
dc.identifier 2010001805 en_US
dc.identifier.citation Harris Jason 2011, 'Adjusting creditor rights against third parties during debt restructuring', Lawbook Co, vol. 19, no. 1, pp. 22-36. en_US
dc.identifier.issn 1039-3293 en_US
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/19017
dc.description.abstract Debt restructuring procedures aim to achieve a compromise between the needs of the debtor and its creditors. It is common for business to be conducted using group structures with related parties potentially exposing themselves to broad claims upon the debtor's insolvency, usually in a false hope of reparations. Enterprise groups may seek a global resolution to their disputes by proposing settlement arrangements that will address claims against the primary debtor as well as potential claims against related third parties. Recent decisions concerning the collapses of Lehman Brothers Australian and Opes Prime offer contrasting approaches to the question of whether a formal restructuring procedure (such as a scheme of arrangement or a deed of company arrangement) can include rights that creditors have against third parties. This article considers the potential scope and effect of these decisions and suggests that other mechanisms may also be available, particularly the long-standing but little used s 510 arrangement under voluntary liquidation en_US
dc.language en_US
dc.publisher Lawbook Co en_US
dc.title Adjusting creditor rights against third parties during debt restructuring en_US
dc.parent Insolvency Law Journal en_US
dc.journal.volume 19 en_US
dc.journal.number 1 en_US
dc.publocation Australia en_US
dc.identifier.startpage 22 en_US
dc.identifier.endpage 36 en_US
dc.cauo.name LAW.Faculty of law en_US
dc.conference Verified OK en_US
dc.for 180109 en_US
dc.personcode 996775 en_US
dc.percentage 100 en_US
dc.classification.name Corporations and Associations Law en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.staffid en_US
dc.staffid 996775 en_US


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