Law Case

RULE:/> 588G: Corporation act state that, an individual is under the violation of responsibility to prevent insolvent treading if: • The person is company’s chief in case company is in debt; and • The person is aware of the situation of bankruptcy at the time of incurring debt or have a suspicion that with incurring a debt it can become insolvent or a reasonable person is in a position of being aware of the situation. Section 588H: This section of the corporation act

Is Gino under the breach of directors duty for prevention of insolvent trading under section 588G of corporation Act, 2001?

This document provides an overview of corporate law topics such as the legal entity of a corporation, the concept of insolvent trading, the role of the constitution in internal management, and the remedies available for shareholders. It also discusses the differences between a liquidator and an administrator in the winding up of a company.

Political Science

Corporate Law: Legal Entity, Insolvent Trading, Internal Management, Remedies

This case discusses the breach of duty by directors under section 588G of the Corporations Act 2001 (Cth) and the remedies available. It also talks about defences under section 588H of the Act. The case involves Alice, Libby and Peggy and their actions as directors of a clothing company. 

Breach of Duty by Directors under Section 588G of Corporations Act 2001 (Cth)

This article discusses the duties of directors and powers of liquidator under Corporations Law. It also explains the defences that can be claimed by the directors and the actions that can be taken by the liquidator. The case of Alice Smith and Libby is used as an example to explain the application of the law.

Corporations Law: Duties of Directors and Powers of Liquidator

This presentation discusses the implementation of safe harbour provisions and its impact on director duties. It explores the issues faced by directors in relation to insolvent trading and the remedies available to them. Recommendations are provided to address the gaps in the current policies.

Safe Harbour Provisions and Director Duties

Presentation

This article discusses the action that can be taken by the liquidator against the directors for breach of duties under section 588G of the Corporations Act. It also explains the defences that can be claimed by the directors and remedies available. The case of Alice and Libby has been discussed in detail.

Law Case

End of preview

Is Gino under the breach of directors duty for prevention of insolvent trading under section 588G of corporation Act, 2001?

Corporate Law: Legal Entity, Insolvent Trading, Internal Management, Remedies

Breach of Duty by Directors under Section 588G of Corporations Act 2001 (Cth)

Corporations Law: Duties of Directors and Powers of Liquidator

Safe Harbour Provisions and Director Duties

Action by Liquidator against Directors for Breach of Duties under Section 588G of Corporations Act

Law Case

End of preview

Is Gino under the breach of directors duty for prevention of insolvent trading under section 588G of corporation Act, 2001?lg...

Corporate Law: Legal Entity, Insolvent Trading, Internal Management, Remedieslg...

Breach of Duty by Directors under Section 588G of Corporations Act 2001 (Cth)lg...

Corporations Law: Duties of Directors and Powers of Liquidatorlg...

Safe Harbour Provisions and Director Dutieslg...

Action by Liquidator against Directors for Breach of Duties under Section 588G of Corporations Actlg...

Is Gino under the breach of directors duty for prevention of insolvent trading under section 588G of corporation Act, 2001?

Corporate Law: Legal Entity, Insolvent Trading, Internal Management, Remedies

Breach of Duty by Directors under Section 588G of Corporations Act 2001 (Cth)

Corporations Law: Duties of Directors and Powers of Liquidator

Safe Harbour Provisions and Director Duties

Action by Liquidator against Directors for Breach of Duties under Section 588G of Corporations Act