When does a liquidator (or the company he or she is appointed to) need court, creditor, or committee approval to validly retain a solicitor to act in a liquidation matter which is likely to extend for longer than three months? The answer to this question has only recently been settled.
The rise of phoenixing in the building and construction industry in Australia in recent years has proved a significant challenge to regulators. Mismanagement of time or cashflow can quickly propel businesses into insolvency.
In March this year the Australian Government introduced temporary changes to the insolvency laws in Australia which were designed as a safety net to enable businesses to
There is a general presumption that once a Court makes a final order or judgment for a company to be wound up in insolvency, there
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