Commentary

(d) Winding-up order and voluntary liquidation

Division AII Contract of Employment
| Commentary

(d) Winding-up order and voluntary liquidation

| Commentary

(d)     Winding-up order and voluntary liquidation

The effect of the insolvency or bankruptcy of the employer upon the employment contract is a complex subject. The below is general guidance only and reference to specialist insolvency law works is recommended. For the status of employee's claims against an insolvent employer, see Division G.

Where a corporate employer suffers an order for the compulsory winding up of the company, that is said to terminate the contracts of employment (Golding and Howard v Fire Auto and Marine Insurance Co Ltd (1968) 3 ITR 372), or at least operate as formal notice of

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