Legal development

RSSG Guide Australia

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    The Ashurst Guide to Restructuring in Australia provides insight into Australia's restructuring and insolvency landscape. Our chapter by chapter guide, covers key aspects of Australia's restructuring and insolvency regime to assist you with navigating situations involving financial distress as they arise. 

    Current chapters

    Informal workouts

    Ipso facto

    Voluntary administration


    Schemes of arrangement



    Formal insolvency summary table

    Comparative liquidation procedures

    Pre-pack appointments and sales

    This guide was prepared by Ashurst's expert partners and team, who have been involved in all major insolvency and restructuring law reform in recent decades, in collaboration with Richard Fisher AM, one of the architects of Australia's insolvency regime. It also draws upon the expertise of our cross-border restructuring, employment and tax experts, and includes case studies involving some of the most high-profile transactions in the market. Future chapters to be released include:

    • "Loan to own" transactions and credit bidding;
    • Restructuring distressed debt; and
    • Recapitalisation.

    We will also update the Guide to reflect significant legal developments particularly the recently announced Australian government review of insolvency laws, which could see future law reform move in the direction of the United Kingdom and/or Singapore regimes, with aspects of US Chapter 11 also possibly included.