Removal of a liquidator and referral to ASIC
A very long running claim by a liquidator for insolvent trading and other insolvency-based claims was defended on the basis that the company was in fact solvent because it had holding company funding. The circumstances of findings of misleading conduct by the liquidator and the continuation of the proceedings even after evidence of solvency was […]
Personal business liabilities and the World Bank’s B-Ready review of our insolvency laws
The World Bank’s B-Ready review process will be applied this year, 2026, to Australia’s business laws, including “business insolvency”, according to their respective ratings on three pillars, with a percentage score assigned to each. These pillars are the regulatory framework (pillar 1); public services (pillar 2); and operational efficiency (pillar 3). Business Insolvency B-Ready’s “Business Insolvency” […]