Category: liquidation
Town Agent Lawyers
We are available to serve as town agent lawyers in all courts in and around Brisbane. Our litigation experience ensures familiarity with the rules and customary practice of courts in Queensland and enables us to provide strategic assistance with documents, discovery and general case management in a timely and cost effective manner. The scope of…
Read articleInsolvency laws are changing
As part of the National Innovation and Science Agenda, the Government is proposing to reform existing insolvency laws. The Government’s aim is to encourage entrepreneurship and innovation by: • reducing the current default bankruptcy period from three years to one year, and • introducing a ‘safe harbour’ for company directors from personal liability where a…
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A guide to recovery of director related payments by liquidators
The Road to Recovery Upon the winding up of a company, a liquidator will often be faced with the task of recovering payments to directors or director-related entities. Especially where a company has a sole director or is a family business, these payments can often be confusing to characterise and may appear to have no…
Read articleUnfair Preference Claim by Liquidator
Sections 588FA (1), 588FC and 588FE of the Corporations Act together prescribe the elements necessary for a liquidator to establish in order to be successful in a preference recovery action. It is useful to set out those provisions in full. Section 588FA (1) 588FA(1) [What is unfair preference] A transaction is an unfair preference given…
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