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The consequences of a misleading Deed of Company Arrangement: Sino Creditors v Toddler Kindy Gymbaroo
Insolvency Insider
October 13, 2023
Michael Wells and Kiara Ricupito of Maddocks urge insolvency practitioners to take extra care when representing information to creditors as to the estimated returns when comparing DOCA and winding up scenarios, using the recent insolvency proceedings of Toddler Kindy Gymbaroo as an example of the potentially dire consequences of making conclusive statements and using committal language.