Zone of Insolvency

Zone of Insolvency

Claudine Salameh

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The role of AI in insolvency litigation: an enhancement but not a replacement for human lawyers in the administration of justice

Posted in Australia, Financial Restructuring & Insolvency
Introduction A duty to act in the best interests of our clients goes to the heart of the legal profession, both functionally and ethically. Can our ability to fulfil this duty be enhanced by the use artificial intelligence (AI)? There is a common suggestion that AI can perform certain roles better than humans can. However,… Continue Reading

Small business restructuring in Australia – Two years on, is the new process working as intended?

Posted in Australia, Financial Restructuring & Insolvency
From 1 January 2021, Australia’s insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive – specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing “one size fits all” voluntary administration and scheme of arrangement processes… Continue Reading