22 February 2010

Legal Update

Authors: David Proudman, Toni Vozzo

In circumstances where the number of retrospective applications made by liquidators under section 477(2B) of the Corporations Act for Court approval to enter into agreements of more than 3 months in duration appears to be increasing, the recent decision of Lindgren J of the Federal Court in Chamberlain v RG & H Investments Pty Ltd (No 3) [2010] FCA 26 is a decision to be noted. This update reviews the decision and touches on some of the implications for Liquidators.

Download: Liquidator Legal Update (30 Kb)

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