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Thinking posts
7 results7 results
Insolvency & Reconstruction| 25 Sep 2020
Time for action: temporary safe harbour limitations
The temporary safe harbour introduced by the Federal Government is not a panacea for directors of distressed businesses. It may be time to act now.
Insolvency & Reconstruction| 25 Sep 2020
Case update: NSW Court of Appeal provides guidance to liquidators on distributing investment funds
We consider the recent New South Wales Court of Appeal decision in Courtenay House. The decision concerned the distribution by liquidators of commingled investor funds, which were paid by investors (unwittingly) into a Ponzi scheme.
Insolvency & Reconstruction| 23 Feb 2016
Liquidators – green light to join insurers
In a decision which potentially increases the assets available to liquidator and bankruptcy trustee plaintiffs, the High Court in CGU Insurance v Blakeley1 has recently determined that plaintiffs may seek to join insurers to proceedings in circumstances where indemnity under ...
Insolvency & Reconstruction| 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, ...
Insolvency & Reconstruction| 30 Apr 2015
Take all reasonable care – the Victorian Court of Appeal confirms its approach when reviewing sales of charged assets conducted by receivers
The Court of Appeal of the Supreme Court of Victoria in Boz One Pty Ltd v McLellan has recently confirmed that it will adopt a commercial approach to assessing the conduct of receivers.