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@Anonymous28 February 2016 11:14 pm:

"...The article below in Monday's Sydney Morning Herald may be of interest to those following events
http://www.smh.com.au/business/slater--gordon-swings-to-958m-interim-loss-on-uk-writedown-20160228-gn5y6w.html

The position regarding the UK business is at this stage unclear but it obviously doesn't look good. If S&G was a small to medium high street firm, we would already have had pronouncements / interventions by the SRA. Where are they ? "

@Anonymous28 February 2016 05:14 pm

"...re David's post 3.00pm.

There are many definitions of insolvency.

Trading whilst insolvent isn't necessarily wrongful if the Directors reasonably belief that to do so will improve the position of the creditors. ..."

Yes , the none so blind that will not see argument. Mind they are playing with fire.

Failure to meet liabilities as they become due is prima facie Wrongful Trading (if they turn out LATER not ti have been covered (retrospectively). Deliberate blind faith in say your turn around chinless wonder, could be Fraudulent Trading (if no Director would have realistically believed they could trade out (with or without that assistance)...