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Thinking posts
5 results5 results
Thinking| 10 Jul 2019
High Court provides certainty for corporate trustees: Amerind
On 19 June 2019, the High Court delivered its judgment in one of the most hotly anticipated insolvency judgments this year, the Amerind appeal: Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth.1 The High Court unanimously dismissed the appeal, upholding ...
Thinking| 18 Aug 2017
Open Season on Judgment Debts in Bankruptcy Proceedings
In a decision of considerable concern to creditors1, the High Court has determined that a bankruptcy notice founded on a judgment debt is open to challenge on the basis that there is a “sufficient reason” for questioning the underlying debt – ...
Thinking| 26 Jul 2017
No indication of when the reduction in the bankruptcy minimum period to one year will occur
In December 2015, the Federal Government proposed changes to its insolvency laws as part of its National Innovation and Science Agenda (NISA). Changes included a proposal to reduce the minimum bankruptcy period from three years to one year, with the aim ...
Thinking| 23 Dec 2015
Secured creditors and unfair preference claims – appeal allowed from Tap Inn decision
On 1 December 2015, we wrote about the decision of His Honour Judge Chivell of the District Court of South Australia in Matthews v The Tap Inn Pty Ltd [2015] SADC 108. At the time we noted that the decision was subject to appeal, ...
Thinking| 01 Dec 2015
Secured creditors exposed to unfair preference claims: When a secured creditor is not a secured creditor
With the introduction of the unfair preference regime in the Corporations Act 2001, a short provision was included...