The High Court of Australia ruled that Michael Christodoulou King, former CEO and executive director of MFS Ltd was an “officer” of MFS Investment Management Pty Ltd (MFSIM). Because he remained an officer, Mr King was responsible for the acts of the subsidiaries, including the financial collapse that resulted to billions of investor losses. Background …
Paladin Legal’s blog publishes Australian commercial law articles that allow our clients and prospects to know and learn more about the remedies that they can avail of to aid them in their commercial law disputes.
Among others, Paladin Legal publishes articles and news on:
1. commercial law disputes
2. commercial insolvency
3. commercial bankruptcy
4. partnership disputes
5. corporate restructuring
6. banking and finance
7. debt disputes
Read our published Australian commercial law articles:
Key Benefits of Engaging Lawyers Specialising in Debt Recovery
Enforcement of Judgments – Bankruptcy: What You Need to Know
Top 5 Must-Haves in Your Terms and Conditions
High Court Holds Ex-CEO Responsible for MFS Financial Collapse
Paladin Legal is a commercial insolvency and litigation and dispute resolution law firm in Brisbane, Australia. We have a team of experienced lawyers who are adept at managing debt recovery matters for a wide variety of businesses. These include companies from industries like building and construction, manufacturing, food services, retail trade, and many more!
Here at Paladin Legal, we measure performance not through the billed hours, but through turnaround times, responsiveness, and actual results.
This is why we endeavour to tailor our services to fit the specific needs of our clients. We also provide access to our vast referral network of financiers, management consultants, debt collectors, bankruptcy trustees, administrators, and liquidators.
How many times have you heard the old saying, “Better to be safe than sorry”? What about “Prepare for the worst and hope for the best”? These sayings have become so ubiquitous because they’re great advice, especially when it comes to protecting your commercial interests. So, how exactly can you “prepare for the worst and …
Once a party has been awarded judgment against a debtor, the next challenge is finding the most effective way to enforce payment of it. In this article, we focus on enforcement of judgment through bankruptcy proceedings. Initiating the Process for Bankruptcy To initiate the process, a bankruptcy notice must be prepared and lodged with AFSA …
A challenge facing most businesses is ensuring that their client invoices are paid on time. Prudent payment is important for preventing a company’s cashflow from being negatively impacted. Despite internal debt collection efforts, some clients may still refuse to pay their overdue invoices. When this happens, continuing to invest resources into internal debt collection may …