Recent NSW Court of Appeal Decision – Unfair Preferences Will Come Back to Bite You!

Recent NSW Court of Appeal Decision – Unfair Preferences Will Come Back to Bite You!

As those in the insolvency industry know, or ought to know, unfair preferences are payments or transfers of assets that give a creditor an advantage over other creditors. Pursuant to section 588FA of the Corporations Act (“the Act”), the normal procedure for a Liquidator to successfully prove a preference claim is as follows: The company … Continued

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