Insolvency and Restructuring

How hard is it to remove a court appointed liquidator?

Contact: Tony Stumm, Partner; Carter Newell (Queensland, Australia)

It sometimes happens that stakeholders become disgruntled with the liquidator appointed to wind up the affairs of a company. So, what can be done?

There is power in s 473(1) of the Corporations Act 2001 (Cth) for the court to remove (and replace) a liquidator. But, how hard is this process?

To read the full article click here, or visit www.carternewell.com.

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