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Understanding Section 588FP of the Australian Corporations Act 2001: Security Interests in Favor of Company Officers

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Insolvency Insider
March 13, 2025

Andrew Blundell of Cathro Partners explain why section 588FP of the Corporations Act 2001 (Cth) — which addresses the validity of security interests granted by a company to certain related parties, including its officers — can create challenges, particularly when the company is already in external administration.