‘Standstill’ agreement is ‘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 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.