In brief With the courts about to consider a significant and long standing controversy in the law of unfair preferences, suppliers to financially distressed companies, and liquidators, should be aware that there have been recent significant shifts in the law about getting paid in hard times. Some sectors of the Australian economy continue to struggle with the consequences of the COVID-19 pandemic. Lockdowns without substantial government support make the future risk for current repayments different…
In this session, the panellists took up the challenge of predicting the post COVID future for directors, and the immediate challenges they will face as a result of the winding back of protections and support provided in 2020. The panellists discussed the range of direct financial support, and temporary tweaks to insolvency regimes, introduced in their respective countries in response to the economic problems raised by the COVID-19 pandemic. In some jurisdictions, directors were given…