BACKGROUND

Background

Coin Co International PLC (Administrators Appointed) (Coin Co) was a company incorporated in the UK which conducted a cash services business in the UK and a global currency exchange business in various countries, including Australia.

WHAT HAPPENED?

On 4 February 2013, Stansfield DIY Wealth Pty Ltd (in liquidation) was wound up, and a liquidator was appointed. At that time, the only function of the company was acting as trustee of a self-managed superannuation fund. It had no assets or liabilities, save in its capacity as trustee of the super fund.

BACKGROUND

Mr Featherstone was recorded as director of Ashala Pty Ltd (Ashala) from 10 March 2004 to 7 October 2005 and from 28 November 2005 to 12 December 2005. Ashala occupied premises which Mr Featherstone owned as trustee for his family trust.

On 7 October 2005, Mr Featherstone agreed to transfer his shares in Ashala and two other related companies to Ms Kristy Marks and for Ms Marks to become the sole director of the three companies. This agreement was recorded in an “agreement letter” and ASIC was notified accordingly.

1. Introducción

El apartado siete del artículo 21 del Proyecto de Ley de apoyo a los emprendedores y su internacionalización añade un nuevo Título X a la Ley Concursal integrado por doce artículos (231 a 242) que regula el expediente de Acuerdo extrajudicial de pagos.

I. Planteamiento

Es sabido que en la práctica judicial concursalista española se ha extendido la técnica de dictar Autos de simultánea declaración y conclusión del concurso con extinción de la persona jurídica concursada y baja registral por la presumible insuficiencia del activo para hacer frente a los créditos previsibles contra la masa (denominado concurso express).