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An important decision for liquidators of trustee companies there is a power of sale - 2nd Oct 2014

An important decision for liquidators of trustee companies  there is a power of sale In the recent decision of Kitay, in the matter of South West Kitchens (WA) Pty Ltd [2014] FCA 670, the Court found that it will usually not be necessary for a liquidator to apply to the court to be permitted to sell trust assets, as the liquidator of an insolvent corporate trustee has such a power of sale by reason of section 477(2)(c) of the Corporations Act. Read the article here.

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