The Federal Court in Brereton, in the matter of ICT Century Pty Ltd (In Liquidation) [2025] FCA 107 granted the liquidators of ICT Century Pty Ltd (in liquidation) (ICT) a one-year ‘shelf order’, or an extension of time to bring voidable transaction claims under section 588FF(1) of the Corporations Act 2001 (Cth). This allows liquidators of EncoreFX (Australia) Pty Ltd (EncoreFX), the largest creditor of ICT, to undertake public examinations to investigate potential proceedings (rather than enabling the ICT liquidators to complete their investigations and commence proceedings).
Key takeaways
- The Federal Court granted liquidators a one-year ‘shelf order’, an extension of time to bring voidable transaction claims under…
