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Tag Archives: Corporate Insolvency
Duty to Prevent Insolvent Trading
In our recent post “What Is Insolvency?” we explained that when it comes to companies, insolvency is the inability of a company to pay its debts as and when they become due and payable. We also went through matters that … Continue reading
Director duties reminder: ASIC successfully prosecutes 75 company officers
Earlier today the Australian Securities and Investments Commission issued a press release relating to the successful prosecution of 75 company directors and other officers between September and December 2010 for breaches of the Corporations Act. We reviewed the list of prosecutions and … Continue reading
What is insolvency?
In the last few weeks we have seen an increase in enquiries relating to insolvency and insolvent trading. We thought it would be a good time to post a brief article explaining the basics of corporate insolvency. Corporate insolvency occurs when … Continue reading