Assignment Of Liquidator’s Right To Sue: Considerations For Liquidators And Assignees
On 1 March 2017, a significant change was made to the Corporations Act 2001 (Act) involving a liquidator’s powers to sue various parties. This change was the introduction of a new provision into section 100-5 in Schedule 2 of the Act. It inconspicuously sits under “Other Matters” in the Schedule and permits a liquidator to assign actions to others, which historically only a liquidator could bring.