Government’s decision to reverse the effect of the High Court’s decision in Sons of Gwalia v Margaretic
Friday, April 30th, 2010On 23 April 2010, the Minister for Financial Services, Superannuation and Corporate Law announced released an Exposure Draft in respect of the Government’s decision to reverse the effect of the High Court’s decision in Sons of Gwalia v Margaretic. Shareholders will no longer be able to rank as creditors with ordinary unsecured creditors in corporate [...]