Liquidators’ Power to Assign Rights of Action of a Company
In a recent case Owners of Strata Plan 5290 v CGS & Co Pty Ltd [2011] NSWCA 168, the NSW Court of Appeal considered whether s 477(2)(c) of the Corporations Act 2001 (Cth) (the “Act”) empowers liquidators to assign a right of a company to a third party in circumstances where that right would otherwise …
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