Guide to Insolvent Trading
The Australian Securities and Investments Commission (ASIC) considers directors to be the gatekeepers of our financial system, and if performed properly, a director will make sure investors are confident and informed, and our markets are fair, orderly and transparent.
Accordingly, a director has a positive duty to prevent insolvent trading under s 588G of the Corporations Act 2001 (Cth). They must also be aware of the company’s financial position on a regular basis.
SV Voidables are well experienced in recovering and defending insolvent trading claims. If you are served with an insolvent trading claim, give one of our experts a call on 1800 246 801.
How can SV Partners help?
At SV Partners, we provide our clients with an objective and defensible opinion of the value of the entity in question. Our valuations combine expertise with leading valuation and corporate finance knowledge. Please contact a member of our forensic accounting team on 1800 246 801 if you would like more information on how we can assist you with Valuation services.