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Legal update on insolvency law - January 2021

Australia, New Zealand - January 29 2021 The Supreme Court has overturned the 2019 Court of Appeal decision Cooper v Debut Homes Limited (in liquidation) [2019] NZCA 39 and restored the…

Annie Cao, Bridie McKinnon, David Perry, Jan Etwell, Kelly Paterson, Luke Sizer, Matthew Triggs, Myles O'Brien, Oliver Gascoigne, Peter Niven, Scott Abel, Scott Barker, Willie Palmer.

Insolvency practitioner held to high standard of conduct by New Zealand Institute of Chartered Accountants

New Zealand - September 7 2020 Susheel Dutt has unsuccessfully appealed a decision of the Disciplinary Tribunal that he was guilty of unbecoming conduct, negligence or incompetence…

Annie Cao, Bridie McKinnon, David Perry, Jan Etwell, Kelly Paterson, Luke Sizer, Maddie Harris, Matthew Triggs, Myles O'Brien, Oliver Gascoigne, Peter Niven, Scott Abel, Scott Barker, Willie Palmer.

English High Court confirms court can stay liquidation proceedings to allow arbitration to proceed

United Kingdom - September 7 2020 The English High Court in Telnic Ltd v Knipp Medien Und Kommunikation GmbH [2020] EWHC 2075 (Ch) has confirmed that the court has discretion to…

Annie Cao, Bridie McKinnon, David Perry, Jan Etwell, Kelly Paterson, Luke Sizer, Maddie Harris, Matthew Triggs, Myles O'Brien, Oliver Gascoigne, Peter Niven, Scott Abel, Scott Barker, Willie Palmer.

NSW Supreme Court terminates director friendly DOCA as an abuse of the voluntary administration process

New Zealand - September 7 2020 The Supreme Court of NSW in Citadel Financial Corporation Pty Ltd [2020] NSWSC 886 has made orders (in accordance with section 447A(2(b) of the…

Annie Cao, Bridie McKinnon, David Perry, Jan Etwell, Kelly Paterson, Luke Sizer, Maddie Harris, Matthew Triggs, Myles O'Brien, Oliver Gascoigne, Peter Niven, Scott Abel, Scott Barker, Willie Palmer.

Insolvent Australian aircraft engine lessee ordered to re-deliver engines to USA

Australia, New Zealand - September 7 2020 Following the administration of Virgin Australia the lessors of four engines that were leased to Virgin served notice requiring delivery up of the…

Annie Cao, Bridie McKinnon, David Perry, Jan Etwell, Kelly Paterson, Luke Sizer, Maddie Harris, Matthew Triggs, Myles O'Brien, Oliver Gascoigne, Peter Niven, Scott Abel, Scott Barker, Willie Palmer.