A recent decision of the Supreme Court of Western Australia highlights the importance of properly registering security interests under the Personal Property Securities Act 2009 (Cth) (the Act).
Australia, Western Australia, Banking, Insolvency & Restructuring, Litigation, Addisons, Personal property
Voluntary administrators frequently obtain Court orders permitting notices to be issued to creditors electronically. Such orders are made under section 447A of the Corporations Act (the Act) on grounds of efficiency, cost and necessity. See Mothercare Australia Ltd (Administrators Appointed) [2013] NSWSC 263 and Creative Memories Australia Pty Ltd [2013] NSWSC 1294.
Australia, New South Wales, Insolvency & Restructuring, Litigation, Addisons, Liquidation, Liquidator (law), Automated Clearing House