RECORDED WEBINAR: Insolvency and Family Trusts

Wednesday, 27th March 2013 - Online from: 3pm to 5pm (Eastern Daylight Savings Time) 
Insolvency can affect family trusts from two directions – the trustee can become insolvent or the appointors or directors can go bankrupt. Either way, it’s important that the asset protection wall between the two stands. This presentation explores the law in the area and explains what the risks are. 
  • Insolvency of the appointor – does the power of appointment vest in the trustee in bankruptcy?
  • Insolvency of directors – disqualification and other risks
  • Insolvency of trustee company shareholders
  • Insolvency of the trustee –
  • As a result of trust activities
  • As a result of other activities
  • Right of indemnity against trust property – what limits are there on it?
  • Actions against trustee for breach of trust if trust is insolvent
  • Actions against directors for breach of duties by liquidator of trustee company 
 
PRESENTED BY: David O’Farrell, Partner, Minter Ellison, Brisbane
 
David O’Farrell is an experienced corporate and financial dispute resolution lawyer with particular expertise in reconstruction and insolvency.
 
He acts for secured financiers, insolvency practitioners, creditors and investors in both contentious and non-contentious matters across diverse sectors including property, construction, agribusiness, funds management and retail groups.
 
After more than 15 years in specialist practice, David is highly credentialled across all areas of insolvency and reconstruction. His expertise extends to workouts, receiverships, liquidations, asset tracing, schemes of arrangement and cross-border insolvency issues. His long-standing clients include each of Australia’s major banks as well as various insolvency practitioner firms.
 
Product Code: WBRMAR13
 Price:  $220.00 (Inclusive of GST)
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