
Update; see Even Less Support fo the Bust
The construction industry in Australia seems to be going through rather a hard time at the moment, and there is a fair bit of insolvency about. There is topicality in the question,
“Can a company in liquidation avail itself of the Security of Payment Legislation by validly commencing an adjudication?”
It is not hard to find examples of liquidators who take the view that the Security of Payment Legislation is available for them[1], or of adjudicators who share that view, but what is the true legal position?[2]
There appear to be no decided cases on the validity of an adjudication process where the claimant was in liquidation before commencing the adjudication. However, it is not a question that is entirely devoid of authority, and indeed the answer “no” to the question posed above emerges from Continue reading →