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AI Overview

"Statutory Demands and Winding Up in Insolvency" by Farid Assaf is a comprehensive practitioner-focused reference text that provides detailed treatment of all aspects of winding up in insolvency. Here is a comprehensive overview of the book:

Key Themes

  1. Comprehensive Coverage: The book covers all requirements of winding up in insolvency, including establishing insolvency, practical issues related to issuing and setting aside statutory demands, making and opposing winding up applications, and guidance on recent amendments to the Corporations Act.

  2. Statutory Demands: It focuses on statutory demands and the commencement of winding up proceedings, providing detailed discussions on the formal requirements for statutory demands.

  3. Cross-Border Aspects: The book also addresses cross-border aspects of winding up in insolvency and the winding up of Part 5.7 bodies.

  4. Practical Guidance: It includes practical guidance and precedents, making it an essential reference text for legal practitioners.

Plot Summary

The book is structured to provide a thorough understanding of the legal framework surrounding statutory demands and winding up proceedings. It covers the formal requirements for issuing and setting aside statutory demands, the process of making and opposing winding up applications, and the implications of recent legislative changes, such as those introduced by the Corporations Amendment (Corporate Insolvency Reforms) Act, 2020, and temporary amendments made in response to the COVID-19 pandemic.

Critical Reception

The book has received positive reviews for its comprehensive and scholarly approach to the subject matter. It is recognized as an essential reference text for legal practitioners dealing with insolvency and winding up proceedings. Farid Assaf's expertise in corporations and insolvency law, as well as his reputation as a leading author in the field, contribute to the book's credibility and usefulness.

Author Background

Farid Assaf SC is a barrister at Banco Chambers, Sydney, with a diverse national practice emphasizing corporations and insolvency law. He is ranked in Chambers and Partners Australia Directory, Best Lawyers, and Doyle’s Guide. Assaf is also a Fellow of INSOL International and has authored several leading texts in insolvency law.

Availability

The book is available from LexisNexis eStore, providing legal practitioners with a reliable and up-to-date resource for navigating the complexities of statutory demands and winding up in insolvency.