Norton White Insolvency Update - August 2006
Norton White's latest Insolvency Update contains: a report on a very recent case where the Court considered the use by an administrator of his casting vote in circumstances where he had an interest in the resolution in question; a summary of a case showing how a well drafted ROT clause will withstand Court scrutiny; we summarise the law on what needs to be done to successfully stay or terminate winding up proceedings; and we look at the written notice requirements for creditors under sections 439A(3) and 596E of the Corporations Act 2001 and how to comply with them.
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