Category: Fraud and Insolvency

When we were first retained by our clients, they were small business owners, who had spent two years in legal proceedings attempting to recover money from the defendant who had failed to rectify a number of building defects and non-performance under a...

In December 2013, the High Court confirmed that a liquidator of a corporate landlord may disclaim a lease that the company had granted to a tenant, leaving the tenant to prove they have suffered loss in the winding up. Broadly speaking, it is common...

The Streeterlaw Fraud Department had a surge of extortion/blackmail cases in 2013. One of these cases involved a victim receiving threats from an anonymous source, whereby private and intimate information was to be “withheld” by an anonymous...

   The James Hardie proceedings in the NSW Court of Appeal last November saw penalties imposed against the company's former non-executive directors and former company secretary and general counsel for their roles in providing the market with...

If you are the director of a company, The Australian Competition and Consumer Commission (ACCC) may at some point request you attend a “voluntary interview”. If a breach of what was known as the Trade Practices Act is alleged, the ACCC now has a...

  A Creditor’s Petition is the formal document filed in the Federal Court or Federal Magistrates Court seeking orders for the bankruptcy of the judgment debtor. The fee for a company to file a Creditor’s Petition is $2,915. For an individual,...

  If the judgment debt is for a substantial amount and the debtor is an individual, the creditor is entitled to enter a Bankruptcy Notice against the debtor. At present, a Bankruptcy Notice can be issued for any debt over $5,000. It is issued by...

Some corporate fraud by employees is not premeditated. it is opportunistic. Sometimes temptation overrides common sense. It is important that businesses have in place mechanisms to prevent fraud. In this video it explains a simple scenario. A laid off...

Business fraud costs everyone in a company. Policies and procedures for businesses help prevent and identify fraud. This American news report gives some insight into the problem. The video includes a case of a former trusted book keeper of a...

Mark Bouris raises Contempt of Court case against former directors The Situation - Ignoring Interim Freezing Order In June 2009, Mr Mark Bouris became the chairman of TZ Ltd. Mr Bouris is well known as the star of The Apprentice reality TV show and as...