This week’s TGIF considers the recent Federal Court of Australia decision in PricewaterhouseCoopers Inc in its Capacity as Foreign Representative of IE CA 3 Holdings Ltd v IE CA Holdings Ltd [2024] FCA 1208, concerning a cross-border insolvency application.
Key takeaways: PricewaterhouseCoopers Inc in its Capacity as Foreign Representative of IE CA 3 Holdings Ltd v IE CA Holdings Ltd [2024] FCA 1208
- Australian liquidators are able investigate pre-appointment transactions by pursuing an examinations process. The powers available to liquidators may be broader and preferable to those available in other jurisdictions.
- Applying to Court for the appointment of Australian local representatives may provide an avenue for creditors and…
