abolition of the peak indebtedness rule client update

In the recent decision of Badendoch Integrated Logging Pty Ltd v Bryant, in the matter of Gunns Limited (in Liquidation) (receivers and managers appointed) [2021] FCAFC 64 (Badendoch) the Full Court of the Federal Court of Australia effectively abolished the “peak indebtedness” rule for liquidators pursuing unfair preference claims.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Macpherson Kelley, Corporations Act 2001 (Australia)
Authors:
Nathanael Kitingan , Catherine Tan
Location:
Australia
Firm:
Macpherson Kelley