VAs defeated on fees but chair casts in DoCA’s favour

Hall Chadwick partner Kathleen Vouris.

Last week saw one of those scenarios - not entirely uncommon - where the chair of a deadlocked meeting has to give effect to the phrase "creditors will determine the future of the Company".

As well as defenestrating the spirit of the term in its purest sense, chairman or chairwomen choosing to use their power to break a deadlock invariably create a situation where their motives will be scrutinised intensely, and in the co-administrations of


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