A recent decision of Justice Rees of the Supreme Court of New South Wales confirms the importance of keeping proper financial books and records in the context of insolvency.
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Bird & Bird LLP, Board of directors, Australian Securities and Investments Commission, Corporations Act 2001 (Australia)
The statutory demand process is widely used by companies wishing to secure prompt payment of debts owing by companies registered in Australia. This article will look at a company's options for dealing with a statutory demand.
What is a statutory demand?
Australia, Company & Commercial, Insolvency & Restructuring, Litigation, Bird & Bird LLP, Option (finance), Debt, Liquidation, Corporations Act 2001 (Australia)