Enova Energy spared from liquidation by deal with fellow small retailer

Andrew Blundell

Enova Energy, whose ground-breaking community retailer business was forced into voluntary administration last month as a result of Australia’s energy market crisis, has dodged liquidation through an arrangement with fellow small retailer, Energy Locals...

Enova Energy, whose ground-breaking community retailer business was forced into voluntary administration last month as a result of Australia’s energy market crisis, has dodged liquidation through an arrangement with fellow small retailer, Energy Locals…

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Understanding Section 588FP of the Australian Corporations Act 2001: Security Interests in Favor of Company Officers

Section 588FP of the Corporations Act 2001 (Cth) addresses the validity of security interests granted by a company to certain related parties, particularly its officers. This provision is designed to prevent company officers from securing personal advantages over other creditors, especially in the period leading up to an external administration.

Insights into Invalid Insolvency Appointments and Appointees Remuneration

When a business faces insolvency, one of the most overlooked yet critical aspects is ensuring that administrators and receivers are legally and correctly appointed. In this episode of The Cut, expert insolvency lawyer Nick Christiansen from Sparke Helmore joins the conversation with host Simon Cathro, to break down valid vs.

Recovery of Outstanding Superannuation Guarantee Charge

The Superannuation Guarantee Charge (“SGC”) is the amount employers are required to pay in respect of their eligible employees when they fail to pay the required minimum to the nominated funds by the due date. SGC is comprised of superannuation shortfall amount, nominal interest and administration fee which becomes payable