Lack of likely recovery leads to refusal of leave to proceed against company in liquidation

A recent decision by the Federal Court of Australia may be useful for liquidators faced with an application to commence or continue civil proceedings against a company in liquidation.

The decision – in brief

Filed under:
Australia, Insolvency & Restructuring, Litigation, Johnson Winter Slattery
Authors:
Sam Johnson , Nicholas Briggs
Location:
Australia
Firm:
Johnson Winter Slattery
Special purpose liquidator of One.Tel granted release under the Corporations Act

In the matter of One.Tel Limited (in liquidation) [2014] NSWSC 1892

Filed under:
Australia, New South Wales, Insolvency & Restructuring, Litigation, Johnson Winter Slattery, Liquidator (law), Corporations Act 2001 (Australia)
Authors:
Sam Johnson , Nicholas Briggs
Location:
Australia
Firm:
Johnson Winter Slattery