The section: Section 553C of the Corporations Act 2001 (Cth) (“Act”) provides for a statutory set-off between an insolvent company and a party seeking to have a debt or claim admitted in the company’s winding up.
Australia, Insolvency & Restructuring, Litigation, Litigation Capital Management, Corporations Act 2001 (Australia)
The Section
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Litigation Capital Management, Corporations Act 2001 (Australia)
Recent changes in the Australian regulation of third-party funders will have a dramatic effect on the funding of certain disputes. Although these changes were accompanied by Government and industry commentary that they would not affect litigation funding for insolvency-related claims, this may not be the case for all insolvency funding arrangements.
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Litigation Capital Management, Litigation funding, Australian Securities and Investments Commission, Corporations Act 2001 (Australia)