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LAWS256 Directorial Duties

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Week 10 notes on directorial duties following the lengthy set readings from Redmond and summarising relevant cases.

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23 Pages Complete Study Notes > 2 Years old
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5 Ex Credits


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Topics this document covers:
Economy Bankruptcy Finance Money Insolvency United Kingdom company law Trading while insolvent Liquidation Unsecured creditor Australian insolvency law Allied Concrete Ltd v Meltzer
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Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Economy Bankruptcy Finance Money Insolvency United Kingdom company law Trading while insolvent Liquidation Unsecured creditor Australian insolvency law Allied Concrete Ltd v Meltzer
Sample Text:
5.7B Div. 3 which imposes a duty upon directors to ensure that their company does not trade while it is insolvent • The duty was imposed simultaneously w the intro of the procedure contained in Pt. 5.3A for the voluntary administration of the affairs of an involvement company • Pt. 5.3A provides for an administrator to take over the affairs of a company w a view to developing a deed of company arrangement under which the company might be restored to financial health • Directors won’t wait until company actually becomes insolvent before appointing an administrator • A necessary element of creating a corporate veil ...
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