Staying a winding up to allow for a restructure

Michelle Dean, Eimear McNamara and Fern Williams of Corrs summarise a recent decision where the Supreme Court of Western Australia stayed the winding up of a company to allow a DOCA to proceed, highlighting the court’s discretion to take this step to allow a company to pursue a genuine and viable restructuring, especially where the company has demonstrated support from creditors and a real prospect of achieving better outcomes than liquidation.

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