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Insolvency & Reconstruction| 25 Sep 2020
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| 09 Sep 2020
Despite the extension of the insolvent trading moratorium, directors should still satisfy the usual requirements of the safe harbour against insolvent trading if they can.
Insolvency & Reconstruction| 07 Sep 2020
The Federal Government today announced the temporary six-month moratorium from insolvent trading liability has been extended until 31 December 2020.
Insolvency & Reconstruction| 11 May 2020
The COVID-19 pandemic has created practical challenges for voluntary administrators. In this article, we review a number of recent decisions which highlight the flexibility within the voluntary administration regime, and the court’s approach in aiding voluntary administrators during their ...
Insolvency & Reconstruction| 05 May 2020
In the decision of Goyal handed down on 7 April 2020, Justice Markovic of the Federal Court has given approval to liquidators to enter into a litigation funding agreement under section 477(2B) of the Corporations Act 2001 (Cth). Our Dispute Resolution team explains ...