rovs and vessels for sale, page-33

Further, and in addition to my last post you might like to read the article in the Australian Law Reform Commission (ALRC). It deals with an aggrieved shareholder in the collapse of Sons of Gwalia.

http://www.alrc.gov.au/news-media/debt-and-insolvency/corporate-insolvency-restructuring-financial-sector-and-understanding

This one went to the High Court and therefore provides the substantive law in this area for all jurisdictions.

In fact it's probably good general knowledge to have when one is investing in companies. I've seen many a discussion here about 'class actions' and while they constitute a legitimate way to try and recover funds, it appears to me that there has to be some funds left to recover. Generally there aren't any funds left and in this case who is going to get in line in front of the NAB. The lawyers at the bank always place their employer at the front of the line well before they hand over the cash - just a fact of bank business.

More bedtime reading - sorry folks!