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Deed Administrators

Administrators, Conduct, Creditors, Deed Administrators, Directors, Judgment, VA's & DoCA's 5 July 2023

Administrators ousted as judge ditches dubious DoCA

Hogan Sprowles partner Michael Hogan. A decision from the NSW Supreme Court this week shines an unforgiving light on the handling of an administration by two Sydney practitioners who’ve been ousted after a creditor applied to have a deed of company arrangement (DoCA) terminated. “… unusually, in my experience, Mr Hogan indicated in evidence that the Administrators would now not seek to recover remuneration beyond…

Corporates, Creditors, Deed Administrators, Litigation, VA's & DoCA's 23 June 2023

Another creditor emerges to tinker with Probuild DoCA

Deloitte’s Sal Algeri. The dull ache caused by the commencement of DoCA amendment proceedings in the Supreme Court of Queensland is threatening to become a thumping migraine for Deloitte partner David Orr and his fellow Probuild deed administrators (DA). This week Probuild creditors received an update from Orr’s colleague and co-DA Sal Algeri advising that in the wake of their June 1 circular revealing that…