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Judge Not Happy with Liquidators Fees


A Recent Supreme Court of NSW ruling in On Q Group Limited (In Liquidation)(Subject to Deed of Company Arrangement) ACN 009 104 330 [2014] NSWSC 1428 highlights the need for liquidators' to bill proportionally. 
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ASIC Successfully Appeals Walton Constructions Decision


In February 2014 the Federal Court of Australia in Australian Securities and Investments Commission v Franklin (liquidator), in the matter of Walton Constructions Pty Ltd [2014] FCAFC 85 refused ASIC's application to remove liquidators appointed to two companies, after the voluntary administration had been referred to them by the Mawson Group (Mawson).  
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Is an informal source of funds sufficient evidence as to a company’s Solvency?


The Supreme Court of Queensland in First Strategic Development Corporation Limited (in liq) and Anor v Chan and Ors [2014] QSC 60 dealt with the issue of insolvent trading for a company that had no formalised line of credit, other than an assurance from a director who claimed to be willing to support the $2.5 million that the company had committed to spend. 
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News Archive

  1. Judge Not Happy with Liquidators Fees Kovi Paneth
  2. ASIC Successfully Appeals Walton Constructions Decision Kovi Paneth
  3. Is an informal source of funds sufficient evidence as to a company’s Solvency? Kovi Paneth
  4. New tax implications of litigation funding agreements has NO impact on Pretium Litigation Funding Kovi Paneth
  5. Interim distribution of employee entitlements could result in future recoveries of preferential payments belonging to Secured Creditors Kovi Paneth
  6. Clarification on ASIC’s Requirements prior to Authorising Public Examinations Kovi Paneth
  7. Trustees Intent Upheld Despite Ambiguous Consent to Act Kovi Paneth
  8. Receivers' Examination Powers Upheld As Constitutionally Valid Kovi Paneth
  9. Insolvencies at a record high for small businesses Kovi Paneth
  10. Our Checklist Kovi Paneth

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