When Your Company Receives a Statutory Demand, What Comes Next?

A statutory demand is a serious legal notice. It is not a routine request for payment, and should not be ignored or procrastinated over. Companies failing to respond to a statutory demand within a fixed prescribed timeframe may face winding-up proceedings. A statutory demand is a formal demand for payment issued under section 459E of [...]

2026-02-24T04:06:05+00:00February 24th, 2026|Compliance, Corporate Advisory, Dispute Resolution, Litigation|Comments Off on When Your Company Receives a Statutory Demand, What Comes Next?
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Searching for Safe Harbour in difficult times

The ‘Safe Harbour’ regime under the Corporations Act 2001 (Cth) (the “Act”) provides businesses facing insolvency an opportunity to access legal safe harbour from civil penalties and adverse orders, in circumstances where those businesses would have otherwise been trading whilst insolvent under section 588G of the Act. Insolvency The Act imposes a fundamental duty on [...]

2024-09-02T00:57:10+00:00September 2nd, 2024|Uncategorized|Comments Off on Searching for Safe Harbour in difficult times
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