A Practical Guide to Standstills for Distressed Companies

The team at Ironbridge Legal outline how consensual, time-limited standstills can provide senior creditors with a flexible alternative to voluntary administration by preserving enterprise value, maintaining privacy and enabling refinancing, asset sales or debt-for-equity deleveraging within the Corporations Act 2001 (Cth) safe harbour, while emphasising the need for tightly drafted milestones, oversight guardrails and termination triggers to manage voidable transaction, shadow director and disclosure risks.

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