Justice Edelman lays down the law on preferences
Hussain v CSR Building Products [2016] FCA 392
NEED GOOD AUTHORITY for an unfair preferences matter? Look no further than this 2016 Federal Court case decided by Justice Edelman. […]
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 […]