Administrators vs Adjudicators

Administrators vs Adjudicators

How does an administration impact on debts due under security of payment legislation?

A recent NSW Supreme Court decision is a reminder that the “moratorium” philosophy for companies in administration will usually be given precedence over enforcement action by creditors, including those creditors seeking to avail themselves of rights under the Building and Construction Industry Security of Payment Act 1999 (NSW) (and by extension, equivalent legislation in other jurisdictions).

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