A timely reminder: extensions of time for registration under PPSA
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Litigation & Dispute Resolution | 15 Oct 2019
Upon being appointed, insolvency practitioners are often faced with existing litigation involving the company or person they have been appointed to.
There are a multitude of factors that the practitioner needs to consider in relation to existing litigation. This article sets out some key considerations for administrators, liquidators, receivers and trustees in bankruptcy, as well as the practical steps a practitioner should follow. Although the article refers to practitioners appointed to companies, the principles are also generally applicable for Bankruptcy Trustees.
Insolvency & Restructuring | 29 Jan 2020
NSW Court of Appeal quashes voluntary administrator’s casting vote, appoints alternative liquidators.
The NSW Court of Appeal has overturned a decision at first instance and confirmed the Court’s power under the Insolvency Practice Schedule to review a casting vote made by an administrator who voted against the appointment of alternative liquidators.
In the decision, the Court of Appeal provides useful guidance to insolvency professionals about the factors they ought to consider when exercising a casting vote at a creditors’ meeting.