Administrators’ tasks during COVID-19

Virgin gets some good news! The Federal Court in the first significant legal case arising out of the Virgin collapse has again highlighted the need for flexibility in the application of insolvency laws during the COVID-19 crisis

Filed under:
Australia, Insolvency & Restructuring, Litigation, Mills Oakley, Coronavirus, Ford Motor Company, Deloitte, Corporations Act 2001 (Australia), Federal Court of Australia
Authors:
Stephen Dickens , Mitch Ziebell
Location:
Australia
Firm:
Mills Oakley
The Virgin Administrators continue their winning streak - with them now obtaining (what the Court described as) “extraordinary” orders to facilitate their administration!

The Federal Court, in the second significant case arising out of the Virgin collapse, has made extraordinary limited recourse and limited liability orders on application by the Administrators.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Mills Oakley, Coronavirus, Corporations Act 2001 (Australia), Federal Court of Australia
Authors:
Stephen Dickens , Mitch Ziebell
Location:
Australia
Firm:
Mills Oakley