No 'Silver Bullet': A Multifaceted Approach to Curbing Harmful Phoenix Activity

Company and Securities Law Journal, Vol. 35, No. 4, pp. 277-282, 2017

7 Pages Posted: 18 Jul 2017

See all articles by Jasper Hedges

Jasper Hedges

Australian National University, Research School of Social Sciences

Helen L. Anderson

Melbourne Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Michelle Anne Welsh

Monash Business School

Date Written: July 14, 2017

Abstract

Phoenix activity causes significant economic harm. In this research note the authors commence by identifying several reasons why harmful phoenix activity is prevalent. They then identify a multifaceted approach to curbing harmful phoenix activity. That approach is to make all phoenix activity visible (detection), make it more difficult to engage in harmful phoenix activity (disruption), and, where harmful phoenix activity does occur, to ensure that it is properly investigated and subjected to legal action to punish and deter wrongdoers, as well as to compensate victims (enforcement).

Suggested Citation

Hedges, Jasper and Anderson, Helen L. and Ramsay, Ian and Welsh, Michelle Anne, No 'Silver Bullet': A Multifaceted Approach to Curbing Harmful Phoenix Activity (July 14, 2017). Company and Securities Law Journal, Vol. 35, No. 4, pp. 277-282, 2017. Available at SSRN: https://ssrn.com/abstract=3002234

Jasper Hedges

Australian National University, Research School of Social Sciences ( email )

Canberra
Australia

HOME PAGE: http://www.anu.edu.au

Helen L. Anderson

Melbourne Law School ( email )

University of Melbourne
Melbourne, 3010
Australia
+61 3 90355467 (Phone)

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Michelle Anne Welsh

Monash Business School ( email )

Wellington Road
Clayton, Victoria 3168
Australia

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