Contractual set-off clauses and proofs of debt: the issue of mutuality
Hamersley Iron Pty Ltd v Forge Group Power Pty Ltd (in liq) [2017] WASC 152
STATUTORY SET-OFF under s 553C Corporations Act reigns supreme in liquidation matters. The Western Australian Supreme Court was asked to consider whether contractual or equitable set-off was available in insolvency, but chose to give precedence to set-off under s 553C. […]