Double Trouble: Court Advises Liquidators to Reject $905 Million Proofs of Debt

In Short

The Situation: A liquidator can reject a "double proof" for what is, in substance, the same debt as another accepted proof of debt.

The Question: When are liquidators justified in rejecting what could arguably be a double proof?

Filed under:
Australia, Insolvency & Restructuring, Litigation, Jones Day, Queensland Supreme Court
Authors:
Evan J. Sylwestrzak , Lucas Wilk , Roger Dobson , Katie Higgins
Location:
Australia
Firm:
Jones Day