The New Companies Act 2016 Judicial Manager Corporate Voluntary Arrangement Debt Recovery

Debt-Recovery-New-Companies-ActThe New Companies Act 2016

How will the  Judicial Manager and  Corporate Voluntary Arrangement affect
the Recovery of  your  Million Dollars Debts as an Unsecured Creditors

Seminar Programme Outline
1    Corporate Insolvency &  Recovery as an Unsecured Creditors  under  the Companies Act  2016 regime

1.1     The  New Solvency Test

1.2     Judicial Management

1.3     Corporate Voluntary Arrangement

1.4     Coming into force of  the New Companies Act 2016

2     Options available  to the  Unsecured Creditors
2.1     I was told if we start a Companies Winding Up petition as   an Unsecured Creditors, the bankers will get paid first?

2.2     Will show you  how to get paid ahead of the Bankers.

3     Since the new Act is not in force yet what must the  Unsecured Creditors do  now?
3.1     Are my present winding up petitions affected?

3.2     Shall I start a Companies Winding Up Petition against my  debtors before the New Companies Act 2016 comes into force?

3.3     If I commence a Companies Winding Up petition:

3.3.1     Do I need a Judgment?

3.3.2     Can I file a Companies winding up Petition by sending a statutory Notice only without getting a judgment?

The Companies Act 2016AFTER  COMING INTO FORCE
4     The   Unsecured Creditors   and the New Companies Winding Up laws

4.1     What is the threshold (the minimum amount of debt) to issue the  Statutory Notice (formerly the 218 Notice)

4.2     Is the Solvency Test applicable to Companies Winding Up  proceedings?

4.3     When is the commencement of Winding Up?

4.4     If the Unsecured Creditors should present a Petition is there Any Priority with respect to Costs incurred?

4.5     What is “Stay” and “Termination” of Winding Up

4.6     Directors in wound up companies can continue to hold office?

5     How does Corporate Voluntary Arrangement (CVA) work against  the  Unsecured Creditors
5.1     What is a CV A’s appointment of a nominee?

5.2     Who is a qualified insolvency practitioner (section 394 of the Act)
5.3     What is a moratorium period and how long will it last?

5.4     What can the creditors do during the Moratorium period?

5.5     Are the creditors entitled to vote in favour or against the CVA?

5.6     Can ALL companies apply for CVA?

6     Under what circumstances can a Company apply for Judicial Management how will  the Unsecured Creditors be affected?

6.1     Is being unable to pay its debts the only consideration?
6.2     What is preserving its business as a going concern.
6.3     Who is an insolvency practitioner

6.4     A judicial management order granted by the Court will remain in  force for how long?
6.5     What actions cannot be taken against the Company during the  judicial management?

6.6     Extension of the judicial management?

Bonus Chapter: If time permits
7     Something for Nothing?  Getting out of the JVA Get out clause!
7.1     Joint Venture Agreements Get Out Clause and the Recent the Federal Court 2016 Decision

7.2     Interpretation of word “and” by the Court in section 223 Companies Act 1965 (new section 472)

7.3     What must you do to avoid this


Please click here for more information on the upcoming seminars to be presented on the above topics, organised by Legal Logic Asia, MIA, MAICSA and other organisers.


Sort Comments

One Thought on The New Companies Act 2016 Judicial Manager Corporate Voluntary Arrangement Debt Recovery
    Jeong cp
    24 Feb 2017

    An excellent piece on judicial management companies act 2016.

    The new law remains a mystery to many…..

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