"Standstill" agreement "some other reason" to set aside statutory demand
The Supreme Court of New South Wales recently considered whether a "standstill agreement" between the parties to refrain from enforcement of a judgment debt was "some other reason" to a have a statutory demand set aside.
The Court held that there was a seriously arguable case that the agreement remained in force at the time the statutory demand was issued. The statutory demand was set aside.
For more information, see the decision.