A recent decision of the NSW Supreme Court examines whether a 'hopelessly insolvent' subcontractor that executes a holding DOCA to enforce payment claims served on head contractor under the NSW security of payment legislation.
Key takeouts
Australia, New South Wales, Construction, Insolvency & Restructuring, Litigation, MinterEllison, Insolvency, Corporations Act 2001 (Australia), New South Wales Supreme Court