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Was this transaction of special value, where a person places a higher value on an asset than the general market value?

The key issues in the case were scope of the auditor's duty and whether a breach of that duty caused the loss claimed.

Article discusses and offers tips for collecting debts and for if you are being chased for debts.

The globalisation of financial markets has increased the incidence of global fraud. However, regulation, especially in the sense of private enforcement through class actions, depends on a political and legal system built around state sovereignty. The United States class action procedure has been used against a foreign corporation by foreign investors who purchased the corporation's securities on a foreign securities exchange. The scenario is often referred to as a "foreign-cubed" or "F-cubed" se

Take heed of these warning signs of your company's declining financial health and take action to protect your business.

Simply because the grounds exist on which the extension of time may be granted did not mean that this extension would be granted in all circumstances.

Relief has arrived for insolvency practitioners keen to learn the extent of the court's discretion to order enquiries into their conduct, following the NSW Court of Appeal's decision in Hall v Poolman [2009] NSWCA 64, which overturned the trial judge's order.

The primary aim of these meetings to inform people about insolvency law and what it means in this specific situation.

Well drafted trading and credit terms and policies can help you and your company manage cash flow and avoid bad debts.

An insurer who provides indemnities against paid losses may be legally insolvent if it is unable to pay liabilities which have been incurred but which are not yet payable.

An interesting debate has been unfolding as the high Australian dollar continues to take its toll on manufacturers.

The deal has just completed. Everyone is high fiving one another. The deal team can scour the web for their deal toy, enjoy a well-earned break or move onto the next project.

The NSW Court of Appeal has held that a term requiring payment of a specified sum on a particular date is enforceable as a debt due and owing, even in an executory contract of mutual obligations. This is an exception to the general rule that an unpaid vendor can only sue for specific performance or damages.

An independent qualified auditor should confirm that the statements accurately reflect a company's financial performance.