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Unit of study_
LAWS3445: Insolvency Law
2024 unit information
The unit provides an introduction to the mainly statutory law regulating bankrupt individuals and insolvent companies. It explores the objectives and key principles of insolvency law, the pari passu principle, the various forms of insolvent administration including bankruptcy, liquidation, receivership and voluntary administration and associated procedures together with the avoidance of transactions in insolvency. The unit also considers the impact of insolvency on employees, unsecured creditors, shareholders and trustee's of trusts. The unit involves a significant component of statutory interpretation.
Unit details and rules
Managing faculty or University school:
Law
| Code | LAWS3445 |
|---|---|
| Academic unit | Law |
| Credit points | 6 |
|
Prerequisites:
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|
LAWS2014 |
|---|---|
|
Corequisites:
?
|
None |
| Prohibitions:
?
|
LAWS3403 or LAWS5145 or LAWS5103 |
| Assumed knowledge:
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|
None |
At the completion of this unit, you should be able to:
- LO1. accurately apply the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) to common commercial situations concerning insolvency
- LO2. appreciate the interrelationship between personal and corporate insolvency law and the general law
- LO3. explain and synthesize the commercial and legal difficulties that can arise in times of financial stress
- LO4. explain and synthesize the competing interests of stakeholders in common insolvency scenarios
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
