Home/Tag:corporations act

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. […]

Statutory demands’ special deadline

Applications to set aside statutory demands do not need to be served by 4pm. Court finds they can be served up until midnight.

It is 3.55pm. You have just raced up George Street by foot to file your client’s application before the Registry closed at 4pm.  It’s been a frantic few days preparing the Application and Affidavit within the 21 day timeframe. You realise that all your hard work means nothing unless the Application is served.

Take heart, there is more of the day left for you to effect service. […]

Load More Posts