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Australia: Stuck in the middle - Court finds liquidators personally liable for environmental remediation costs

In brief

Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Baker McKenzie, Mediation
Australia: Stuck in the middle - Court finds liquidators personally liable for environmental remediation costs

 

In brief

Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Baker McKenzie
Australia: Stuck in the middle - Court finds liquidators personally liable for environmental remediation costs

In brief

Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Baker McKenzie
M&A in the COVID Era - Part II - Debt Financing Opportunities for Middle Market PE Funds

The global COVID-19 pandemic has created uncertainty around the planned deal-making activities of many middle market private equity funds. However, this environment also creates significant opportunity to provide investment and financing to companies that find themselves in distressed circumstances.

Background

USA, Corporate Finance/M&A, Insolvency & Restructuring, Mintz, Private equity, Coronavirus
Not Easy Being Green: Insolvency Practitioners on Further Notice of Personal Liability for Environmental Obligations

Liquidators, administrators and receivers in Queensland are on notice that they may face serious personal consequences if they fail to cause companies to which they are appointed to comply with Environmental Protection Orders (EPOs).

Re Linc Energy Limited (In Liquidation) [2017] QSC 53 (13 April 2017) has determined that liquidators may not be able to escape obligations under an EPO by issuing a disclaimer notice.

Australia, Queensland, Environment & Climate Change, Insolvency & Restructuring, Litigation, Baker McKenzie, Liquidator (law), Corporations Act 2001 (Australia), Queensland Supreme Court