Daily Archives: March 17, 2017

Building firms leave buyers on shaky ground – Riverine Herald

THE collapse of Watersun Homes has Echuca-Moama builders urging customers to do their research before they sign on the dotted line and hand over money. Watersun Homes, which had a display site in Moama, went belly up in late February and entered voluntary administration two weeks ago. The sudden collapse has left homebuyers in the…

Potential obligation of majority shareholder to file for insolvency – International Law Office (registration)

Introduction Affected companies Companies without management Majority shareholders Consequences for breach Majority shareholders’ power in insolvency proceedings Interim managing director as possible alternative? Comment Introduction Recent changes to the Insolvency Code have considerably expanded the obligations of shareholders in insolvency situations. For example, a new obligation has been introduced which requires majority shareholders in so-called…