Insolvency update: recovery of unreasonable director-related benefits

Voidable transactions When a company becomes insolvent, sections 588FA and 588FB of the Corporations Act 2001 (Cth) (Corporations Act) empower liquidators to investigate voidable transactions, including unfair preference and uncommercial transactions as well as unreasonable director-related transactions.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Jackson McDonald, Corporations Act 2001 (Australia)
Authors:
Victoria Butler , Paul Mac , Samantha Roberts
Location:
Australia
Firm:
Jackson McDonald