In case of emergency: Using emergency power provisions to appoint a voluntary administrator

When a company becomes financially distressed, directors are often required to act quickly and decisively. However, directors may at the same time find themselves held back by the requirements of the Corporations Act 2001 (Cth) (the “Corporations Act”) or their company constitution.

Filed under:
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Gilbert + Tobin, Corporate governance, Corporations Act 2001 (Australia)
Authors:
Peter Bowden , Peter Hession
Location:
Australia
Firm:
Gilbert + Tobin
Restructuring and Insolvency in Australia - The Restructuring Review 2022

This 2022 review provides an overview of recent Australian Restructuring and Insolvency activity along with the laws, their application and recent trends and development in restructuring and insolvency activity.

Chapters:

Filed under:
Australia, Banking, Insolvency & Restructuring, Projects & Procurement, Gilbert + Tobin, Supply chain, Coronavirus, Insolvency, Australian Securities and Investments Commission, Corporations Act 2001 (Australia), Companies Act 2006 (UK)
Authors:
Peter Bowden , Peter Hession
Location:
Australia
Firm:
Gilbert + Tobin