PPSA update: Transitional security interests may be no protection

The NSW Supreme Court has held that although the ownership interest of a lessor in certain motor vehicles leased to a company were 'transitional security interests', they were not temporarily 'perfected' and did not take priority over a subsequently-registered financier's general security interest.
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Clarification on statutory demands

In brief: A Western Australian Supreme Court of Appeal decision has clarified the law on statutory demands, holding that a statutory demand for a portion of a larger debt is permissible. Partner Philip Blaxill, Senior Associate Rebecca Collins and Lawyer Tom Langdon report.
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When can receivers resist inspection of company documents?

Two recent decisions have considered the circumstances in which directors can inspect the books and records of a company in receivership, and the basis on which receivers can prevent this. Partner Philip Blaxill and Lawyer Aparna Nanayakkara report. http://www.allens.com.au/pubs/insol/foinsol26feb13.htm
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insolvency & restructuring

The Federal Court, in considering the collapse of the Great Southern group of companies, has reiterated that a trustee is entitled to be reimbursed or indemnified from the trust property for any expenses that have been properly incurred in the trust's management. Partner Michael Quinlan (view CV) and Lawyer David Harris report.Read more
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