Company Liquidation – Risks for Directors Part 3
Part 3 of Company Liquidation – Risk for Directors. Covering Insolvent Trading and ASIC Director Banning....
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Liquidation of a Solvent Company by Members’ Voluntary Liquidation
A members’ voluntary liquidation (MVL) is the formal process of winding up a solvent company. During the MVL process, any surplus assets are distributed to a company’s members and the company is ultimately deregistered. ...
New anti-phoenixing laws passed; how will they apply?
The Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2020 was passed by Federal Parliament in February 2020. The legislation introduces anti-phoenixing criminal offences including for those who facilitate illegal transactions and it provides a mechanism for Liquidators and ASIC t...
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