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Does 8 minutes late render the DOCA void?

12.08 am on the 16th business day, the Deed of Company Arrangement (“DOCA“) was signed and sent to the then Administrator. Does 8 minutes late render the DOCA void? Not according to today’s case, where the Court changed the wording of s444B(2)(a) from ’15 business days’ to ’16 business days.’ DOCA = “Deed of Company…

HDOCA’s are valid, here’s why

Earlier today I announced on LinkedIn that the High Court had released its reasons for why it confirmed the validity of a Holding DOCA (“HDOCA”), in the Mighty River case. Their Honours were (surprisingly) split 3:2. I say “surprising” because the matter only took 5 minutes in Court. Here is a link to the case.…

Holding DOCA’s are valid – Part 1

So I have heard from a number of sources that the High Court have yesterday afternoon ruled that ‘Holding DOCA’s’ are valid for Voluntary Administrations. However, nothing has been released on the HC website yet. As soon as I have confirmation, I will provide my followers with an update. I anticipate that this will occur…

Holding DOCA appeal soon!

It’s a big day in the High Court tomorrow, with the Mighty River (“Holding DOCA”) appeal being heard from 9.15 am. I will endeavour to keep everyone updated as I know more. Some of you may remember that Mighty River concerns the question whether or not a company in Voluntary Administration can propose a holding…