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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…

To wind-up a whole company or buy-out minority shareholders?

This is what was asked of the QLD Court of Appeal (“QCA”), with judgement delivered on Friday. It was not in dispute that the majority and minority shareholders were in a ‘quasi-partnership’ and that the relationship had “irretrievably broken down” due to the majority’s conduct – ie oppression, unfair prejudice and discrimination against the minority.…