AYN456 - Corporations Act And “Compsforyou Ltd”Case Study - Law Assignment Help

Assignment Task -

ASIC is currently short staffed and they have asked you to write a report for their legal department  to help the team, they have asked you to: 

1. Provide advice regarding the directors’ potential liabilities, any breaches and any likely defences  by reference to the Corporations Act and any relevant cases: 

• Youzou 

• CFO 

• Harry 

• Sonjin

2. Provide advice regarding the shareholders rights and recommend any legal action available to  the shareholders to try to recover the money they have invested in the company as shares or to  protect their investment. In your advice, explain if it is likely that the company was insolvent in  March and why/why not. 

3. Recommend to Daisy any options she has available to her as a secured creditor to try to recover  the debt she is owed. The payment is now 10 months overdue. 

Do not make reference to any temporary Covid-19 amendments to the Corporations Act.

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