Two recent Supreme Court of Canada decisions demonstrate that the corporate attribution doctrine is not a one-size-fits-all approach.
Court approval of a sale process in receivership or Bankruptcy and Insolvency Act (“BIA”) proposal proceedings is generally a procedural order and objectors do not have an appeal as of right; they must seek leave and meet a high test in order obtain it. However, in Peakhill Capital Inc. v.
Verkopers en leveranciers van roerende goederen kunnen problemen met slecht betalende klanten voorkomen via een beding van eigendomsvoorbehoud.
Met dit beding kan men namelijk contractueel bepalen dat het eigendomsrecht op een bepaald goed pas overgaat nadat de derde-verkrijger er de prijs volledig van heeft betaald.
Les vendeurs et les fournisseurs de biens mobiliers peuvent faire face aux problèmes rencontrés avec des clients mauvais payeurs par l’insertion d’une clause de réserve de propriété.
Par cette clause, il peut notamment être prévu contractuellement que le droit de propriété d'un certain bien ne sera transféré qu'après paiement intégral du prix par l’acheteur.
Sellers and suppliers of movable assets can avoid problems caused by poorly-paying customers through a retention of title clause.
This clause makes it contractually possible to stipulate that ownership of a certain good does not transfer until the purchaser has paid the full price.
This week’s TGIF considers a recent case where the Supreme Court of Queensland rejected a director’s application to access an executory contract of sale entered into by receivers and managers on the basis it was not a ‘financial record’
Key Takeaways
This week’s TGIF looks at the decision of the Federal Court of Australia in Donoghue v Russells (A Firm)[2021] FCA 798 in which Mr Donoghue appealed a decision to make a sequestration order which was premised on him ‘carrying on business in Australia' for the purpose of section 43(1)(b)(iii) of the Bankruptcy Act 1966 (Cth) (Act).
Key Takeaways
This week’s TGIF considers an application to the Federal Court for the private hearing of a public examination where separate criminal proceedings were also on foot.
Key takeaways
This week’s TGIF looks at a recent decision of the Victorian Supreme Court, where a winding up application was adjourned to allow the debtor company to pursue restructuring under the recently introduced small business restructuring reforms.
Key takeaways
This week’s TGIF considers the decision of the Supreme Court of New South Wales In the matter of Gearhouse BSI Pty Ltd [2021] NSWSC 98. In this case, one of the joint venture parties obtained an order to wind up the joint venture on the basis that the underlying purpose of the business had failed.
Key takeaways