Credit Insights
Unfair preferences – creditor’s defence of not suspecting insolvency
Just because a liquidator asserts you have received an unfair preference, does not necessarily mean you have or that there are no potential defences available to you.
Credit Insights
The HIA warns Australia’s housing construction downturn could get nasty unless credit continues to flow
Australia’s Housing Industry Association (HIA) has warned that tighter lending standards risks exacerbating the downturn in residential construction activity already under way.
Credit Insights
Are unresolved A/R disputes taking a toll on your company’s bottom line?
Have you ever calculated your costs for resolving receivable disputes? If you have, you’ve probably discovered that the process is quite expensive. Here’s why.
Credit Insights
Should you Sue or Just Cut Your Losses?
Nothing is quite as painful in construction business as realising that your payment claim is going to sit there, unpaid, unless you take action to collect.
Credit Insights
The right to be wrong – the ability to review Adjudicators’ determinations
Under tight time pressures to decide often complex matters, Adjudicators appointed to determine an adjudication application under Security of Payment legislation may make mistakes.
Credit Insights
Minority creditor terminates director friendly voluntary administration
Our client obtained Supreme Court judgment for an amount of $1.64 million. Shortly thereafter, the defendant company was placed into voluntary administration by its director.
Credit Insights
Ipso facto Insolvency Reforms
A large percentage of small to medium sized enterprises collapse within the first three years of commencement for various reasons, ranging from the lack of working capital, lack of strategic direction to poor planning, cash flow management and record keeping.
Credit Insights
A New “Fairer” Way In Queensland – Building Industry Fairness (Security Of Payment) Act – Nov 2017
The new Building Industry Fairness (Security of Payment) Bill 2017 (Qld) will see the introduction of Project Bank Accounts, and the repealing and replacement of the Building and Construction Industry Payments Act 2004 (Qld) (‘BCIP Act’) and Subcontractors’ Charges Act 1974 (Qld).
Credit Insights
QLD – The Building Industry Fairness (Security of Payment) Bill 2017
