Insolvency Management has a dedicated team and offers a wide range of solutions

Find Out More »

The High Court affirms the liquidator's equitable lien - 29th May 2014

The High Court affirms the liquidator's equitable lien Australia
May 22 2014
Nicole Tyson

The High Court has recently affirmed the existence and scope of a liquidator’s equitable lien in Stewart v Atco Controls Pty Limited (in liquidation) [2014] HCA 15.

A liquidator is entitled to an equitable lien for the costs, charges and expenses (including the liquidator’s remuneration) incurred by the liquidator in realising assets brought into the estate, which lien takes priority over a creditor’s security: Re Universal Distributing Co Ltd (in liquidation) [1933] HCA 2.


Read this article here

« Back to News
site powered by - Turboweb :: Simple Web Manager