Three definitive texts on Australian commercial law.

Risky Business explains, in plain English, what happens to the personal assets of business owners and directors when a company gets into financial trouble. It covers director duties in the zone of insolvency, insolvent trading, safe harbour, voidable transactions, and the mechanics of voluntary administration and liquidation.

Drawing on three decades of practice at the Victorian Bar, Peter Agardy distils the body of Australian insolvency law into a working framework for directors, accountants, insolvency professionals, and their advisors.

Trading trusts are among the most widely used — and most misunderstood — commercial structures in Australia. This book sets out how they work: the relationship between trustee and beneficiaries, the trustee's right of indemnity, and the consequences when a trading trust becomes insolvent.

Particular attention is given to the position of creditors of a corporate trustee, the operation of the right of indemnity over trust assets, and the priority of trust creditors over beneficiaries.