Francis (Trustee), in the matter of Fotios (Bankrupt) v Helios Corporation Pty Ltd (No 3)
| Jurisdiction | Australia Federal only |
| Judgment Date | 22 March 2023 |
| Neutral Citation | [2023] FCA 251 |
| Date | 22 March 2023 |
| Court | Federal Court |
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2 firm's commentaries
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Australia holds the line on priorities between successive trustees
...week's TGIF, we consider the Federal Court's recent decision in Fotios (Bankrupt) v Helios Corporation Pty Ltd (No 3) [2023] FCA 251, and earlier decisions in the same proceedings, clarifying the current Australian position as to priorities between creditors of successive Key takeaways The ......
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Trust & Company Cases Update
...has since declined to follow the Privy Council and applied a "first in time" principle (Fotios (Bankrupt) v Helios Corporation (No 3) [2023] FCA 251). But the Privy Council is the Isle of Man final court of appeal and the Isle of Man courts are very likely to follow its decision in Equity T......