This week’s TGIF considers Re Akron Roads Pty Ltd (in liq) (No 3) in which the Court held that the liquidators had standing to seek a declaration against an insurer arising from the assignment of rights under a policy.
WHAT HAPPENED?
The previous High Court decision
This week’s TGIF considers State of Victoria v Goulburn Administration Services (In Liquidation) and Ors [2016] VSC 654, in which Special Purpose Liquidators were appointed despite a potential conflict arising from their firm having conducted compliance audits of the companies.
Background
What showing must creditors make to be granted the right to prosecute claims on behalf of the bankruptcy estate?
USA, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Standing (law), Debtor in possession, Uniform Commercial Code (USA), Second Circuit