Judgment against ‘pre-insolvency’ adviser for involvement in asset-stripping scheme

The Federal Court of Australia recently handed down a landmark judgment against a third party adviser for devising an asset-stripping scheme and breaching the creditor-defeating disposition provisions of the Corporations Act 2001 (Cth). A creditor-defeating disposition is a disposal of company property that prevents, hinders or significantly delays that property from becoming available for the […]