Articles
Find out what we know as we learn it. The latest news, legal developments and deals relevant to you with our expert analysis
Jul292015
ATO winding-up blitz continues at record levels
The ATO winding-up blitz which we reported on in May has continued through June and into July with new winding-up...
Jul272015
Insolvency and Soccer Part III: Clash of the Codes
In yet another case of insolvency issues ravishing sport, Queensland Rugby have clashed with Brisbane Roar Soccer Club in the...
Jul242015
Hockey victory causes loss to Treasurer’s Chest?
Treasurer Joe Hockey has been left significantly out of pocket as a result of his recent defamation case against Fairfax...
Jul222015
Priority creditors denied payment
In Re CMI Pty Ltd; Byrnes & Ors v CMI Limited the liquidators of CMI Pty Ltd (the Company) sought directions...
Jul202015
Orange Is the New Black for Company Director
The director of ERB International Pty Limited (the company), Mr Ali Hammoud has been sentenced to a total period of...
Jul172015
Get Rich or Die Tryin’ – 50 Cent left “in da” bankruptcy
Reports in the United States indicate that Curtis James Jackson III, better known as famous Rapper “50 cent”, has filed...
Jul142015
Creditor information sheet on trustees’ fees
The Australian Financial Security Authority (aka AFSA) and the Australian Restructuring, Insolvency and Turnaround Association (aka ARITA) have released an information...
Jul132015
ERA Legal saves administrator from Indonesian volcano
An important reminder that pursuant to s439B of the Corporations Act 2001 (Cth.) (“the Act”) at any meeting convened under...
Jul092015
Any port in a storm – ‘safe harbours’ for directors
The Productivity Commission’s Draft Report in respect of Business Set-Up, Transfer and Closure (‘the Report‘) has recommended amendments to the Corporations Act...
Jul092015
Employee disentitlements
In Perthmetro Pty Ltd, in the matter of Perthmetro Pty Ltd (in liq) [2015] FCA 671 the liquidator of the...
Jul082015
ATO circumvents section 486 protection
Section 486 of the Corporations Act says that a court-appointed liquidator must not allow creditors or shareholders to inspect company books and...
Jul072015
Government funds liquidators to pursue employee entitlements
The Department of Employment has recently announced the “Fair Entitlements Guarantee Recovery Programme”, a Government-funded programme “designed to strengthen recovery...
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