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Statutory demands and "genuine disputes" - recent decisions
Record ID:
22556
Format:
LIJ Article
Year:
2002
Author:
Harvey, Matthew ;
Subject:
Corporations Law ; Insolvency ; Statutory Demands ;
Source:
LIJ (2002) 76 No 3
Date_of_entry:
02/04/2002
Legislation:
459G(2), 459H(1)(a), 459P, 459Q Form 509H
Notes:
A corporation served with a statutory demand runs the risk of being wound up in insolvency. However, if there is a genuine dispute to the debt, the corporation may choose to enter the ring and fight to have the demand set aside. Some recent decisions shed light on how this is done
Section:
Feature
Cases:
Bell Construction Services Pty Ltd v Form Kwip Building Services Pty Ltd[2001] NSWSC 73 ; Ceramco Jav Pty Ltd v Wendy Wilson Concepts Pty Ltd [2001] QSC 204 ; Nationwide Pacific NL v Range Resources Ltd [2001] WASC 82 ; Southern Graphtec Systems Pty Ltd v Atlantek Australasia Pty Ltd [2001]NSWSC 583 ; Kid Crew Express Pty Ltd v Vinogradov [2001] NSWSC 446 ;
Month:
April

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