Apr 04 2017
Apr 04 2017
A recent Western Australian Supreme Court case considered the insolvency of a partnership comprised of corporate members. When a partnership is formally dissolved
Last Friday, Justice Brereton finally published his reasons in Sakr Nominees Pty Ltd  NSWSC 709, the latest in a series of controversial decisions on insolvency practitioner remuneration. Partner Thomas Russell discusses this decision further.
Last Friday, Justice Brereton finally published his reasons in Sakr Nominees Pty Ltd  NSWSC 709, the latest in a series of controversial decisions on insolvency practitioner remuneration
The recent Supreme Court of New South Wales decision of Photios v Cussen (in their capacity as joint administrators of Beechworth Land Estates Pty Ltd (admins apptd)  NSWSC 336, is one of the few decisions that has considered and applied the influential 2011 decision of Katzmann J in Arnautovic & Sutherland t/as Jirsch Sutherland & Co v Civitanovic (as trustee if the bankrupt estate of Adrian Lawrence Rosee)  FCA 809 (Civitanovic).
On 17 April 2015, the Supreme Court of New South Wales delivered a decision with important ramifications for liquidators and the Commissioner of Taxation in the application of debits and credits in a company’s running balance taxation account following liquidation.
It is trite law that a statutory demand cannot be issued where there is a genuine dispute as to the alleged debt. A recent matter in the Supreme Court of Victoria, Polytrade Pty Ltd v Glass Recovery Services Pty Ltd  VSC 164, considers, amongst other things, the appropriate orders for costs when statutory demands are withdrawn (here, before proceedings were filed to set it aside).
he prompt recovery of levies which are in arrears is an important factor to ensure the smooth and efficient ongoing operation of a body corporate.
Most people know that if they own a lot within a community titles schemes they are required to pay Body Corporate levies. For many, however, what Body Corporate levies are, what they are used for and what happens if you do not pay them is confusing, if not an outright mystery.