The “second opinion” special purpose liquidator: A second opinion

Wellard, M

The “second opinion” special purpose liquidator: A second opinion

Wellard, M

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Publisher:: LexisNexis
Publication Type:: Journal Article
Citation:: Insolvency Law Bulletin, 2020, 20, (8), pp. 158-163
Issue Date:: 2020-07-31

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Field	Value	Language
dc.contributor.author	Wellard, M https://orcid.org/0000-0003-3784-2079
dc.date.accessioned	2020-09-12T22:46:07Z
dc.date.available	2020-06-19
dc.date.available	2020-09-12T22:46:07Z
dc.date.issued	2020-07-31
dc.identifier.citation	Insolvency Law Bulletin, 2020, 20, (8), pp. 158-163
dc.identifier.issn	1443-9662
dc.identifier.uri	http://hdl.handle.net/10453/142638
dc.description.abstract	Until relatively recently, the appointment of a special purpose liquidator (“SPL”) was largely confined to proven situations of actual or perceived conflict (or lack of independence) on the part of an incumbent liquidator. However, in recent years courts have entertained the appointment of a SPL in circumstances where no specific concerns are demonstrated with respect to the independence, conduct or judgment of the incumbent liquidator. This article critically analyses this new judicial attitude to SPL appointments and raises some legal and policy concerns with respect to their increasing use and prevalence.
dc.language	en
dc.publisher	LexisNexis
dc.relation.ispartof	Insolvency Law Bulletin
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	1801 Law
dc.title	The “second opinion” special purpose liquidator: A second opinion
dc.type	Journal Article
utslib.citation.volume	20
utslib.location.activity	Australia
utslib.for	1801 Law
pubs.organisational-group	/University of Technology Sydney/Faculty of Law
pubs.organisational-group	/University of Technology Sydney
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.date.updated	2020-09-12T22:45:57Z
pubs.issue	8
pubs.publication-status	Published
pubs.volume	20
utslib.citation.issue	8

Abstract:

Until relatively recently, the appointment of a special purpose liquidator (“SPL”) was largely confined to proven situations of actual or perceived conflict (or lack of independence) on the part of an incumbent liquidator. However, in recent years courts have entertained the appointment of a SPL in circumstances where no specific concerns are demonstrated with respect to the independence, conduct or judgment of the incumbent liquidator. This article critically analyses this new judicial attitude to SPL appointments and raises some legal and policy concerns with respect to their increasing use and prevalence.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/142638