Australia: Insolvency Practitioners Face Rising Personal Liability Risks as Courts Weigh Rescue Against Accountability

Chris Pearce and Monica Hamid of Blackwall Legal LLP argue Australia's insolvency liability regime largely gets the balance right, but flag two exceptions worth fixing: liquidators facing personal liability for environmental costs they didn't cause, and administrators needing a costly court application every time they want protection on a funding facility a lender's already agreed to.

Australia: Insolvency Practitioners Face Rising Personal Liability Risks as Courts Weigh Rescue Against Accountability.