Five takeaways for insolvency practitioners after providing pre-administration services

Danielle Funston, Andrew Ng and Chris La Guzza of Maddocks report that the Western Australia Court of Appeal has recently provided clarity concerning insolvency practitioner independence following pre-administration services, noting that while an insolvency practitioner isn’t necessarily precluded from providing pre-appointment advice prior to a formal appointment, they must remain cognisant about potential conflicts of interests and also be mindful of how certain decisions may be perceived by a lay observer.

Read more.