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Sivanjali Karalasingham on Muck Rack

Sivanjali Karalasingham

As seen in: Law Society Journal Australia
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Articles

High Court decision impacts how complex structures are liquidated

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By Emily Barrett, Rachel Zeng, Sivanjali Karalasingham
| Law Society Journal Australia
Pooling orders allow the debts and claims of multiple insolvent companies to be grouped together and treated as one. This enables the liquidator to conduct a single liquidation instead of several separate ones. The rationale behind this is it minimises costs in administrating the liquidation and enhances the distribution of payments to priority creditors, especially when the insolvent companies are part of a complex corporate structure.
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