
Time to change the appointment process of insolvency practitioners?
31 January, 2025
Time to change the appointment process of insolvency practitioners?
The case of Australian Securities and Investments Commission v A One Multi Services Pty Ltd (No 3) FCA 1209 External administrators are often appointed through existing professional relationships between them and the applicants for appointment, or more accurately their solicitors. Does this practice put the duties of independence at risk?…