Knowledge


18 October 2016

Trading Trusts: 556 Priorities and Remuneration Issues

Tim McGrath, Partner in our litigation department, has recently penned an article discussing the liquidation of trading trusts.  An excerpt from the article is featured below.

“Considerable disquiet has arisen as a result of a series of recent authorities arising in the New South Wales Supreme Court.  The decisions involve the liquidation of companies which are (or were) trustee companies and the claims of creditors whose debts were incurred by the company, in its capacity as trustee of the relevant trust.”

Click here to read the full article.

For more information about this issue and all insolvency-related matters please contact Tim on 07 4036 9708.

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