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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…

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

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…

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

Mainzeal director’s bankruptcy proceedings halted pending determination of appeal

New Zealand - September 7 2020 In our April 2019 newsletter we reported on the High Court judgment in Mainzeal Property Construction Limited (in liq) & Ors v Yan & Ors [2019] NZHC…

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

Court of Appeal declines to stay bankruptcy adjudication order

New Zealand - September 7 2020 In Hampton v Minter Ellison Rudd Watts [2020] NZCA 291 the Court of Appeal found that ordering a stay of enforcement of a bankruptcy order would…

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

Creditors at odds, abuse of process, and utility - bankruptcy a pointless remedy?

New Zealand, United Kingdom - September 7 2020 With facts described as "labyrinthine", Edgeworth Capital (Luxembourg) SARL v Maud [2020] EWHC 974 (Ch) is the latest judgment from Snowden J on…

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