Don’t Come The Raw Prawn With Me – Court Terminates DOCA, Finds Abuse Of Pt 5.3A

Lawrence Lee, Joseph Abberton and Leith Ayres of Lavan review a recent decision in which the Federal Court considered an application by an aggrieved creditor to terminate a deed of company arrangement, noting that the decision raises some very interesting questions regarding the use of SPVs and ad hoc funding arrangements in high risk business ventures in Australia.

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