Author

Peter Lucarelli

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In brief In response to the COVID-19 pandemic, the Federal Treasurer, Josh Frydenberg MP, has issued a determination that temporarily permits creditors’ meetings and other meetings governed by the Corporations Act 2001 (Cth) (Corporations Act) to be convened and conducted virtually (as opposed to physical meetings), provided that all persons entitled to attend are given a reasonable opportunity to participate. The Corporations (Coronavirus Economic Response) Determination (No.1) 2020 (Cth) (the Instrument) came into effect on…

In summary In our previous alert we discussed how Justice Markovic in the Federal Court of Australia had granted the administrators of retailer Colette Group relief from personal liability for rent in respect of 93 stores.On 15 April 2020, Justice Markovic in the Federal Court of Australia granted orders extending the relief for the administrators for a further three weeks until 6 May 2020. The administrators also have the benefit of a direction that they are justified…