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First judicial decision on a mortgagee sale during COVID-19 restrictions

Insolvency & Restructuring| 01 Aug 2022

First judicial decision on a mortgagee sale during COVID-19 restrictions

The Victorian Supreme Court has handed down its first judicial decision regarding a mortgagee sale which arose during the COVID-19 lockdowns.

Electronic service of bankruptcy notices – through the looking glass

Insolvency & Restructuring| 27 Apr 2022

Electronic service of bankruptcy notices – through the looking glass

The new Bankruptcy Amendment (Service of Documents) Regulations 2022 are now in force. We unpack what the new regulations mean.

Unconscionable conduct: lenders and agents beware!

Litigation & Dispute Resolution| 25 Mar 2022

Unconscionable conduct: lenders and agents beware!

The recent decision of the High Court in Stubbings v Jams 2 Pty Ltd [2022] HCA 6 provides a clear cautionary tale for lenders of last resort regarding asset-based lending and a failure to consider the financial circumstances of borrowers and guarantors.

Director penalty notices: payment arrangements no longer part of the plan

Insolvency & Restructuring| 09 Mar 2022

Director penalty notices: payment arrangements no longer part of the plan

While the ATO put most overdue tax collection on hold during the COVID-19 pandemic, it has recently recommenced some collection activity. This includes the issuing of Director Penalty Notices.

Once more unto the breach: ASIC finalises its guidance for the new breach reporting regime

Financial Services| 13 Sep 2021

Once more unto the breach: ASIC finalises its guidance for the new breach reporting regime

ASIC has now published its updated and final guidance on the new breach reporting regime for AFS and credit licensees that will apply from 1 October 2021.