Say you have a tech company that over the course of its run develops several projects worth of proprietary software and related IP. Then for whatever reason (insolvency/winding up, voluntary deregistration, etc.), the company ceases to be a valid corporate entity.
My question is: What happens to the IP held by this company? For instance, if someone were to get ahold of the software/IP developed by the company and publish (or otherwise use) it, is there any legal recourse against them? And if so, who would have standing to take that action, and how is that standing established?
Though this question is tagged with 'Australia', I think it would also be interesting to know how it might work in other jurisdictions such as the U.S. and/or other common-law nations, and what the key similarities/differences might be.