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Director Duties In A Restructuring: Lessons From The LJ Hooker Dispute
A recent NSW Supreme Court decision involving the LJ Hooker group examines how courts assess directors' decisions during corporate restructuring, particularly when those decisions may benefit some stakeholders over others. The case provides critical guidance on the proper purpose test, the role of insolvency risk in decision-making, and when directors can pursue personal interests without breaching their duties.
Australia Commercial
BP
Bartier Perry
Article
Bankruptcy And Employment: Can You Keep Working?
Bankruptcy does not automatically end your career in Australia, but the impact varies significantly by profession. While most employees can continue working without interruption, lawyers, financial advisers, company directors and other regulated professionals face additional reporting obligations, regulatory scrutiny and potential restrictions under profession-specific legislation that operate independently of bankruptcy law itself.
Australia Insolvency
SL
Stonegate Legal
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