External Administration in Times of Uncertainty
Insolvency Law Journal, Vol. 19, p. 48, 2011
10 Pages Posted: 24 May 2011
Date Written: March 1, 2011
The current and ongoing economic environment in Australia is uncertain and challenging. The Australian economy is suffering from a general decline in economic outlook both in the short and medium term. The current economic climate of wildly fluctuating values and returns poses the question of how external administrators are to deal with those circumstances. Is it, for example, reasonable for them to assume that it is "business as usual"?
Keywords: insolvency, financial uncertainty, global financial crisis, external administration
JEL Classification: K00, K39
Suggested Citation: Suggested Citation