Peak indebtedness rule gone but fairness not forgotten
By EsqSocial Corporation 13/05/21
The Full Court of the Federal Court held on May 10, 2021 that Liquidators were not entitled to apply the so called “peak indebtedness rule” for the purpose of determining whether there was an unfair preference under Section 588FA(1) of the Corporations Act 2001 (Cth)....
By: Dentons