Insolvency & Reconstruction: "Work It Out" March 2006

21 March 2006

---

In this issue:

• Interest Rate Determination In Lender’s Discretion - Invalid
• Subordination Clause Upheld
• Fixed Remuneration of Administrator: Gidley, in the matter of Alliance Motor Body Pty Ltd (subject to Deed of Company Arrangement) [2006] FCA 102
• Subscribing shareholders can recover loss from a company without rescinding shares - but postponed to unsecured creditors
• Sons of Gwalia appeal dismissed - shareholders can rank equally in certain circumstances
• Costs orders against liquidators personally?
• Statutory Demands
• Removing a liquidator with conflicts
• Just and equitable winding up - ASIC application on public interest considerations

For a full copy of this document, please download the attached PDF.

---

This article provides information about topical legal issues.
Information contained in this article is intended as an introduction only and should not be relied on in place of legal advice.