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$20k court wind-ups and 6 months to respond

Mix of my LinkedIn Articles from Sunday 22/3/2020 and Monday 23/3/2020 … BREAKING 22/3/2020: The government has just announced (in its stimulus package) an increase to the threshold at which a creditor can take action to initiate insolvency from $2,000 to $20,000 and giving companies six months instead of 21 days to respond. It probably…

Linc Energy part 2

Breaking news #LincEnergy: QLD Court of Appeal has just ruled the State’s environmental rules do not trump a Liquidators power of disclaimer under the Corporations Act (“disclaimer rights”). The Court ruled: – although QLD’s environmental laws (eg Environmental Protection Orders (“EPO”)) are ‘potentially’ inconsistent** with disclaimer rights, the Court found the EPO provisions do not fall…