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The Water Wheel Case: What Do We Learn From It?

Mitchell, Vanessa (2003) The Water Wheel Case: What Do We Learn From It? Australian Journal of Corporate Law, 16 (1). pp. 65-71. ISSN 1037-4124

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This article examines the application of s 588G of the Corporations Law to the Water Wheel case. This section was designed to overcome some of the problems inherent in the separate legal entity doctrine. The article concludes that on the facts, and given society’s reaction to corporate collapses, it is not surprising that the defendants, including the non-executive director, were found to have been in breach of s 588G. However, it also shows that although directors in these circumstances may warrant being found liable under s 588G, creditors may in fact be worse off as a result of such a case.

Item Type: Article
Uncontrolled Keywords: ResPubID6187, Wagon Wheel, s 588G, Corporations Act
Subjects: FOR Classification > 1801 Law
Faculty/School/Research Centre/Department > School of Law
Depositing User: VUIR
Date Deposited: 21 Apr 2011 05:36
Last Modified: 22 Aug 2011 00:11
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