No more broken toys: DOCA flexibility powers Toys “R” Us restructure

Pravin Aathreya, William Doble and Phillip Danh of Gadens describe how the Federal Court’s Toys “R” Us decision confirms the broad flexibility of DOCAs by allowing s 447A to modify s 444GA so that not only shares but also options, warrants and other equity rights can be transferred in a change of control restructure where creditors benefit and no unfair prejudice arises.

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