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Australian Securities and Investments Commission v McDermott, in the matter of Conalpin Pty Ltd (in liq) [2016] FCA 1186

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CORPORATIONS - liquidators - duties - Court inquiry into defendant's conduct as a liquidator and administrator - whether defendant failed to act independently, free of actual, apparent or potential conflicts of interests - whether defendant acted with the appropriate degree of care and diligence - whether defendant failed to properly inform creditors of the basis for remuneration and drew down remuneration without properly informed creditor approval or Court approval - agreement between the parties to settle the matter - whether consent orders should be made

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