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When all creditors get a 100-cents-in-the-dollar dividend plus interest
- Source :
- Mondaq Business Briefing. June 7, 2023
- Publication Year :
- 2023
-
Abstract
- How section 563B of the Corporations Act is enlivened. When a liquidator can pay a 100-cents-in-the-dollar dividend to unsecured creditors, those creditors are also entitled to being paid interest on [...]
- Subjects :
- Corporation law -- Interpretation and construction
Interest -- Laws, regulations and rules
Dividends -- Distribution -- Laws, regulations and rules
Debt financing (Corporations) -- Laws, regulations and rules
Government regulation
Company dividends
Company distribution practices
Business, international
Australia. Corporations Act 2001
Subjects
Details
- Language :
- English
- Database :
- Gale General OneFile
- Journal :
- Mondaq Business Briefing
- Publication Type :
- News
- Accession number :
- edsgcl.752058917