$93m? and 300 creditors? over 20 years? Director disqualified
ASIC has disqualified a director from managing corporations for 5 years in relation to companies trading for over 20 years that were wound up with debts of over $93 million owing to the ATO, State Revenue, DEWR and FEG, and many others. 25-140MR ASIC disqualifies NSW construction director for five years | ASIC For over […]
Have corporate rescue laws gone too far? Sydney Law School seminar review
This reports on a review by Dr Arthur Emmett, former Federal Court Judge, of a Sydney Law School seminar questioning whether aspects of the corporate rescue regime under the Corporations Act 2001 have “gone too far”, including Part 5.3A and Part 5.3B, in assisting struggling businesses. The seminar was conducted through the Ross Parsons Centre […]