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Dealing with Statutory Demands
  • Bird & Bird
  • Australia
  • April 27 2017

The statutory demand process is widely used by companies wishing to secure prompt payment of debts owing by companies registered in Australia. This


Safe Harbour and Ipso Facto insolvency law reforms - What you need to know
  • Gilbert + Tobin
  • Australia
  • April 14 2017

On 28 March 2017 the Federal Government released for public consultation draft legislation (Treasury Laws Amendment (2017 Enterprise Incentives No


Achieving port in an insolvency storm - stays in a safe harbour?
  • Hall & Wilcox
  • Australia
  • April 7 2017

The government has released draft legislation reforming insolvency laws to create a 'safe harbour' defence for directors faced with an insolvent


Not so perfect solution - Court relief sought to avoid automatic vesting
  • Corrs Chambers Westgarth
  • Australia
  • April 7 2017

On 7 April 2016, administrators were appointed to OneSteel. OneSteel, a member of the Arrium Group of Companies, subsequently entered into a deed of


Australian government releases draft insolvent trading and ipso facto legislation
  • Herbert Smith Freehills LLP
  • Australia
  • April 5 2017

On 28 March 2017, the Australian Federal Government (Government) released draft legislation in relation to two major reforms intended to encourage


Government consults on insolvency reforms - director ‘safe harbour’ and stay on ipso facto clauses
  • Gilbert + Tobin
  • Australia
  • April 4 2017

As part of the National Innovation and Science Agenda, Treasury has released an Exposure Draft Treasury Laws Amendment (2017 Enterprise Incentives No


Directors' 'Safe Harbour' provisions about to set sail - 4 April 2017
  • HopgoodGanim
  • Australia
  • April 4 2017

On 28 March 2017, the Federal Government released draft reform legislation to Australia’s insolvency laws to promote a culture of entrepreneurship and


Assigning the right to sue - the new provisions'
  • Piper Alderman
  • Australia
  • April 4 2017

External administrators of companies can now assign any right to sue that is conferred on them by the Corporations Act, for example voidable


Australia's insolvency law reforms
  • Clifford Chance LLP
  • Australia
  • April 4 2017

On 28 March 2018, as part of the National Innovation and Science Agenda, the Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP


Some useful insights on oppression claims: Peter Exton & Anor v Extons Pty Ltd & Ors
  • Gilbert + Tobin
  • Australia
  • April 3 2017

This case provides some useful guidance on some key aspects of oppression claims, and also illustrates that courts will be reluctant to wind up