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ASIC’s voluntary administration review: timing, structure and scrutiny decide whether a DOCA creates real value

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Insolvency Insider
July 10, 2026

Trevor Withane of Ironbridge Legal says ASIC’s new voluntary administration review shows DOCAs can still deliver real restructuring value, but only where advisers move early, choose the right pathway, test whether the deal is a rescue, sale or funded compromise, and ensure funding, related-party exclusions and creditor disclosures withstand scrutiny.