First Australian receiver-led creditors' scheme of arrangement approved

Cameron Belyea and Cayli Bloch of Clayton Utz share that the Federal Court has approved the first Australian receiver-led creditors’ scheme of arrangement in Twinza, confirming the viability of using schemes alongside receiverships to implement debt-for-equity deleveraging transactions, while highlighting evidentiary, procedural, and stakeholder-coordination challenges that may drive future reforms.

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