Liquidators' power to disclaim environmental liabilities and obligations upheld (for now)

Liquidators have more certainty about their ability to disclaim the environmental liabilities and responsibilities of a company in liquidation.

Filed under:
Australia, Queensland, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Litigation, Clayton Utz, Environmental protection, Liquidation, Corporations Act 2001 (Australia), Queensland Supreme Court
Authors:
Stuart MacGregor , Kathryn Pacey , Scott Sharry
Location:
Australia
Firm:
Clayton Utz
Disclaimers and the obligation to comply with environmental protection orders

The liquidators were not bound to cause Linc to comply with the EPO from the date of the disclaimer.

Filed under:
Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Clayton Utz
Authors:
Kathryn Pacey , Stuart MacGregor , Scott Sharry
Location:
Australia
Firm:
Clayton Utz
Disclaimers and the obligation to comply with environmental protection orders

The liquidators were not bound to cause Linc to comply with the EPO from the date of the disclaimer.

Filed under:
Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Clayton Utz
Authors:
Kathryn Pacey , Stuart MacGregor , Scott Sharry
Location:
Australia
Firm:
Clayton Utz