Fulltext Search
The High Court is strict yet flexible - statutory time limits for liquidators seeking to commence voidable transactions proceedings

ABILITY TO SEEK AN EXTENSION OF TIME

Section 588FF(3) of the Corporations Act 2001 (the Act) provides liquidators with a mechanism by which to obtain an extension of time within which proceedings against the recipients of voidable transactions may be commenced.

Australia, Insolvency & Restructuring, Litigation, McCabe Curwood, Liquidator (law), Corporations Act 2001 (Australia)