by Liam Bellamy | Dec 19, 2023 | Business
The recent decision in the Frisken case serves as a stark reminder for insolvency practitioners in Australia that securing extensions to convening periods for creditors’ meetings isn’t a mere formality. The Courts, as emphasised by the Frisken judgment,...
by Liam Bellamy | Dec 18, 2023 | Business, Insolvency, Restructuring
Overview: RRI was appointed as an Administrator for a group of companies involved in the transport business across Victoria and the east coast of Australia. Our appointment arose due to the business being taken over by a related party, which continued operating...
by John Kukulovski | Dec 11, 2023 | Business, Insolvency
In the face of an increased number of Applications to Wind Up issued by the Australian Taxation Office (ATO) against companies with unsettled tax liabilities, a strategy known as the “11th hour VA appointment” is emerging to circumvent immediate...
by Liam Bellamy | Mar 19, 2023 | Business, Insolvency
These past months of early 2023 have seen two key high court decisions passed down with significant ramifications on the insolvency and legal landscape in Australia. Metal Manufactures Pty Limited v Morton (2023) HCA 1 (“Metal Manufactures”) and Bryant v Badenoch...
by John Kukulovski | Jul 4, 2022 | Business, Insolvency, Tax & Accounting
The Australian Securities and Investments Commission (ASIC) has recently disqualified several directors from being involved in managing corporations. Under Section 206F of the Act, ASIC is permitted to disqualify directors from managing a corporation up to a maximum...