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  • Equitable Subrogation And "Controllers" For The Purposes Of The Corporations Act 2001 - Can A Lawyer Be A "Controller"?

Equitable Subrogation And "Controllers" For The Purposes Of The Corporations Act 2001 - Can A Lawyer Be A "Controller"?

Christien Corns and Sam Rappensberg of K&L Gates review a recent judgment that should provide comfort to lawyers that they will not assume the obligations of a "controller" under the Corporations Act solely by reason of them acting in connection with the sale of real property in an insolvency context.