CORPORATIONS - approval of funding and indemnity agreement - approval required because obligations under the proposed funding and indemnity agreement will continue for more than three months - group of companies - whether the liquidator may properly and justifiably cause each of the companies to enter into and perform the proposed funding and indemnity agreement - whether there is power for the liquidator to cause the group of companies to enter into the proposed funding and indemnity agreement - whether it is proper for the liquidator to cause the group of companies to enter into the proposed funding and indemnity agreement
CORPORATIONS - applicability of two distinct statutory regimes - application for directions under s 479(3) of the Corporations Law and s 479(3) of the Corporations Act 2001 (Cth) - application for approval under s 477(2B) of the Corporations Act 2001 (Cth) - general principles - relevant factors in determining whether to grant approval under s 477(2B) - power to grant the directions and authorisation sought under s 477(1)(c) - power to authorise each of the companies to enter into and perform the proposed funding and indemnity agreement under s 477(2)(m)
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