Author

Peter Lucarelli

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In brief The Supreme Court of Victoria has found liquidators can be made personally liable for clean-up costs in respect of land that was, on their appointment, polluted or environmentally hazardous as “occupiers” under the Environment Protection Act 1970 (Vic) (EP Act). A disclaimer notice issued by the liquidators in respect of polluted property was set aside, preserving the liquidators’ indemnity from a related third party for that environmental liability. This left the liquidators (and…

Some of the key insights were: The panel unanimously agreed that the global economy had been simmering in the background for quite some time. Corporate debt had reached historic levels by the end of 2019 and global economies were moving into troubled waters. The panel agreed that the pandemic layered on top of significant market disruptions that already existed. The need for strong leadership by governments and business leaders in the face of adversity was…