Australia’s “practical insolvency regime … sometimes more of a rough and ready process and not an exact science … a trade-off …”

The Federal Court has dismissed a challenge to deeds of company arrangement of two property development companies and not put them into liquidation to allow investigations into what their creditor builder – Decon – claimed were “dubious” transactions leading up to the companies’ insolvency. The investigations and report to creditors of the joint administrators were […]