New year, new opportunity to recover your outstanding invoices
The COVID-19 temporary relief measures which applied to insolvency have largely ceased as of 31 December 2020 and now is the perfect opportunity for you to reassess your debt recovery options.
There are a number of debt recovery options available to you, depending on whether you are collecting an outstanding debt from an individual or a company.
Trading in Turbulent Times – When Will Courts Pierce the Corporate Veil?
Separate legal personality and limited liability are characteristics which make the company the most widely used business structure in Australia.
The term ‘corporate veil’ refers to the way a company is treated as separate from its owners by the law. The ‘corporate veil’ allows companies to have their own, separate legal personality and allows them to acquire and dispose of property, take legal action, be sued, incur liabilities, and enter into contracts.
But when will the 'corporate veil' not protect individuals?