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BULAW5915 Corporate Law

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Research and consider the reasons for the introduction of the safe harbour defence in s588GA and the effect of the 2018 amendments to Division 3 - Director’s duty to prevent insolvent trading. Answer the following questions.  

1. Is the duty to prevent insolvent trading a fiduciary duty? Why or why not? You must give detailed reasons (10 marks) 

2. How does the safe harbour defence s588GA operate? (10 marks) 3. Who does it (s588GA) protect, and is this different to the business judgment rule s180 (2)? Give reasons. (5 marks) 4. Are there any restrictions on the operation of the s588GA defence? If so, what are they? (5marks) 5. Do you think the changes to Division 3 will have an effect on the number of voluntary insolvencies in Australia in the future? Why or why not? 

BULAW5915 Corporate Law

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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More BULAW5915 Corporate Law : Questions & Answers

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Civil liability or criminal penalties

The Benefit of Aiming High In your initial post, give an example of a business situation involving conduct that might be considered illegal -- potentially exposing the employee, the business, or both -- to civil liability or criminal penalties. Explain how a code of ethics might help employees aim f ...

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Contributory Negligence

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Equitable Remedies 2

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Management

Suppose that the Dubai legislature passes a law that severely restricts carbon dioxide emissions from automobiles in that state..... who are the parties in this lawsuit?Are the plaintiffs seeking a legal remedy or an equitable remedy ? Why? What is the primary source of the law that is at issue here ...

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