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Employees are priority creditors of insolvent trading trustees, High Court rules
The High Court of Australia has resolved a nearly 40-year old question of whether employees of a failed company established as trustee of a trading trust have priority over ordinary unsecured creditors.
Judge greenlights MWL derivative suit against Focus Financial
Majority shareholders in MWL Financial have won court approval to bring a derivative suit against US-based Focus Financial Partners over an acquisition gone sour.