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Australia wrongful tradingduty of care skill diligence s174

Hall v Poolman

(2007) 215 FLR 243
JurisdictionAustralia
CourtNew South Wales Supreme Court
Year2007
StatusBinding authority

Summary

Director liable for insolvent trading under s.588G Corporations Act where no reasonable grounds to expect solvency; defences examined.

Key Principle

insolvent trading under s.588G Corporations Act; director's duty to prevent insolvent trading; defences including reasonable grounds to expect solvency

Area of Law

insolvency

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Director disqualification upheld where director failed to maintain adequate books and records, constituting misconduct in management of insolvent company.

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