Author(s)

Sizhen Liu

Corresponding Author

Sizhen Liu

ABSTRACT

The current state of the trade law in Australia, which has not fully balanced the interests of the creditors, has suggested that the board can perform its duties responsibly. Although the new law has some shortcomings, but safe harbor to the directors provides a new solution to the problem of the bankruptcy also make other creditors paid off during this period. As far as the author’s concerned, safe harbor should be supported, but it needs to be improved. Also the government may receive different proposals to reform the insolvency law to encourage directors of insolvency companies.

KEYWORDS

Australian, Corporations And Business Associations Law, Insolvent Trading, Safe Harbor