IN THIS ISSUE:CASE LAW
· Statutory trust over PAYE deductions continues to operate upon and during liquidation
· Setting aside transactions: The good faith defence
· Personal liability to liquidators for failure to account for GST refund after default on property purchase
· Creditor's resolution to appoint alternative liquidator set aside for prejudice
· Liquidators obtain summary judgment for breach of director's duty
· Liquidator's disclaimer of lease upheld by Australian High Court
· Australian Court holds priority insurance payments obtained during liquidation subject to the liquidator's remuneration
· The equitable remedy of marshalling
· Validity of administrator's appointment questioned
· Conversion claim may be brought against administrators and liquidators
· Shareholder silence may constitute fully informed consent
· English High Court imposes greater accountability upon shadow directors
· Interim injunction preventing bank from terminating services
· Letter of tender must be unconditional to release and transfer security to third party lender
· Ability of foreign liquidators to require production of documents considered by Bermuda CA
· Court finds City of Detroit eligible for bankruptcy in US history's largest municipal bankruptcy
ARTICLES
· "A profession without shame": Struggling UK firms reach a new low
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