Tag: Solvency
Solvent or Insolvent? Principles applied by the Courts to determine solvency of a Company
When is an Australian company considered to be insolvent? The answer to that question can have significant ramifications for affected business owners, directors, regulators, employees and creditors, whose interests in the outcome of that determination may directly conflict. Section 95A of the Corporations Act 2001 (“the Act”) sets out the test of insolvency in this…
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