CORPORATIONS – Personal Property Securities Act – s 340 meaning of circulating asset – whether amounts recovered by receivers and managers comprised circulating assets – application of s 433 of the Corporations Act – whether an account arises from providing services in the ordinary course of a business providing services of that kind – whether services were provided pursuant to a distribution agreement – inventory proceeds and an amount received in satisfaction of an arbitration award and related judgment held to be circulating assets – separate questions answered accordingly
Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca0566
For more information, see the original judgement.
