Comlek Companies - Case Update

Joseph Hayes and Andrew McCabe of Wexted Advisors, the joint administrators of the Comlek Companies, have obtained the court’s permission to use deed funds to defend themselves in a proceeding brought by the Queensland State Revenue Commissioner. The Commissioner claims that the administrators erred in casting a tie-breaking vote in favour of a DOCA and is seeking to have the whole DOCA terminated. The administrators successfully argued that if their costs could not be met from the deed fund, they would no longer be able to take an active role in the proceeding or otherwise prosecute the objectives of the DOCA. Read the decision here.