• Secured Creditor Has Debt Extinguished by DOCA

    What is the position of a secured creditor under a deed of company arrangement (DOCA)? Does the secured creditor maintain its debt or can the DOCA extinguish part of it?

    The Supreme Court of NSW focussed on this issue In the matter of Bluenergy Group Limited (subject to a Deed of Company Arrangement) (administrator appointed) [2015] NSWSC 977. The judgment is of significant concern to secured creditors insofar as contingent or future debts, such as accruing interest and enforcement costs, are concerned. 

    Read More >

Solutions. Not just advice