Click the link below to download our February 2018 newsletter which considers:
- the reduction of the term of bankruptcy to one year
- registering a security interest for professional services
- guarantees – paying out the creditor and taking their security
- garnishee notices – obtaining judgment against the garnishee
- notary public services now on offer from SRM Lawyers
SRM Lawyers Newsletter – February 2018
In the decision of Linc Energy Ltd (In Liq)  QSC 053, Justice Jackson found that the pre-existing Queensland environmental laws have priority over inconsistent Commonwealth Corporations Act disclaimer provisions.
The matter involved the liquidator’s right under the Corporations Act to disclaim onerous property pursuant to sections 568 and 568D of the Corporations Act, and the pre-existing State-based environmental obligations imposed upon companies. Continue reading
A company is able to selectively buy-back the shares of one particular shareholder, say when that shareholder is a director/employee who intends on leaving the company, or has been terminated by the company. Continue reading
A proposed amendment to the Corporations Act 2001 (Cth) should now encourage all qualified advisers i.e. accountants and solicitors, to be proactive in reviewing their client’s ability to deal with corporate and personal insolvency. Continue reading
Garnishee Orders are a form of enforcement action that can be used for the recovery of debts.
Ordinarily, a court-ordered judgment is required. However, the ATO can issue a garnishee notice in relation to outstanding tax debts without a court judgment being entered. Continue reading