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Increasing Insolvency Activity in Australia
Increasing Insolvency Activity in AustraliaIn recent times, Australia has observed a significant uptick in insolvency activities, affecting both companies and individuals. This trend reflects broader economic pressures and highlights concerns regarding financial stability and credit risks in various sectors. Corporate Insolvencies Corporate insolvencies have seen a noticeable rise. The Australian Securities & Investments Commission (ASIC) […]
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Navigating Statutory Demands Based On SOPA Decisions
Navigating Statutory Demands and Offsetting Claims in Construction Disputes: Key Takeaways from Recent Cases: The recent cases, CBS Commercial Canberra Pty Ltd v Axis Commercial (ACT) Pty Ltd, and Dask Entertainment Melbourne Pty Ltd v Aussie Fitouts Pty Ltd, have shed light on the complex relationship between statutory demands under the Corporations Act 2001 (Cth) […]
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Setting Aside Statutory Demands
If you receive a statutory demand [usually in the mail from a creditor], it is important that you contact a lawyer for advice quickly as there is a time-limit for denying the validity [called ‘setting aside’] that statutory demand. What is a Statutory Demand? A statutory demand is a letter with accompanying supporting documents that is sent […]
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