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A warning to liquidators against compromising claims where a D&O policy exists

Re Akron Roads Pty Ltd (in liq) (No 3) [2016] VSC 657

AN INSURER ESCAPED LIABILITY from indemnifying claims against its clients in liquidation proceedings. The Victorian Supreme Court found that the insurers’ liability was limited by the deed of settlement entered by its client, and that the client’s non-disclosure ultimately avoided all liability. […]

Federal Court reminds liquidator that reasonable grounds are required before issuing a demand

Parker, in the matter of Worldwide Specialty Property Services Pty Limited (in liq) v Worldwide Specialty Property Services Pty Limited (in liq) [2017] FCA 687

LIQUIDATOR SEEKING AN EXTENSION OF TIME for making an application under s 588FF(1) Corporations Act copped criticism for serving demands without conducting investigations. The application was made ex parte.

Justice Lee emphasised the importance of a liquidator serving a demand only once […]

By |November 28th, 2017|Categories: Uncategorized|0 Comments
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