Insolvency BCR Advisory
Insolvency

Invalid appointment of administrators on grounds of improper motives of directors

This article was sourced from BRI Ferrier.  The ease with which an insolvent company may appoint an administrator following the resolution of its board presents an opportunity for unscrupulous directors to take advantage of the administration procedure for extraneous and improper purposes. Australian courts have often intervened to terminate a voluntary administration where the decision […]