Intelligence

Find out what we know as we learn it. The latest news, legal developments and deals relevant to you with our expert analysis

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Jan122015

Unwinding a Winding Up Order

What happens when a company does not attend its winding up hearing? In the majority of cases, the company obviously...
Jan082015

Official Trustee Unable to Set Aside Financial Agreement

In Official Trustee in Bankruptcy & Galanis and Anor [2014] FamCA 832 the Family Court of Australia held that the Official...
Jan072015

Murray Inquiry: External Administration ‘Working Well’

The Financial System Inquiry 2014 (the Murray Inquiry) recently released its Final Report. The Final Report recognised the impact which...
Dec082014

Action on Insolvent Trading

According to recently published statistics over 5,400 directors were reported to ASIC in the 2013/14 financial year on the grounds...
Dec012014

Corporate insolvencies continue to rise

ASIC Corporate Insolvency Statistics for the September quarter of 2014 show that 2,469 companies entered external administration in this quarter. ...
Nov252014

PPSA Tip #6: 20 Business Days

It is critical that any security interest is immediately registered on the Personal Property Securities Register (PPSR) and at the...
Nov242014

PPSA Tip #5: Holding Company -v- Operating Company

Corporate groups are often structured with one company holding all of the assets, with a separate company operating the business. ...
Nov202014

Liquidator left ‘high and dry’ on lack of evidence

On 5 November 2014, the Federal Court handed down its decision in Highup Pty Ltd (in Liquidation) v Gubas [2014]...
Nov132014

PPSA Tip #4: Serial Numbered Goods

Did you know that under the PPSA some goods must be registered by serial number and if they are not...
Nov122014

PPSA Tip #3: Retention of Title

If you think that having a retention of title clause in your credit terms is sufficient to allow you to...
Nov112014

PPSA Tip #2 – What is a Security Interest?

In yesterday’s tip we explained what was covered by the term “personal property”. In a nutshell – everything! Just as...
Nov102014

PPSA Tip #1: What is Personal Property?

In our latest set of tips, we are helping make sense of the Personal Property Securities Act 2009 (Cth.) (PPSA)...
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