The recent Federal Court of Australia (Court) decision Hird, in the matter of Allmine Group Limited (Administrators Appointed) (Receivers and Managers Appointed) [2013] FCA 748 involved an application for an extension to the convening period.
Facts
Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth, Holding company, Corporations Act 2001 (Australia), Federal Court of Australia
On March 22, 2010, the Superior Court of Quebec approved a plan of arrangement under the Canada Business Corporations Act (the CBCA) that allowed a corporation, MEGA Brands Inc., to achieve a worldwide restructuring of its business under a corporate statute, rather than a more typical insolvency and restructuring statute like the Companies Creditors’ Arrangement Act.
Canada, Quebec, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Shareholder, Security (finance), Swap (finance), Debt, Stakeholder (corporate), Convertible bonds, Secured loan, Title 11 of the US Code, Canada Business Corporations Act 1985, United States bankruptcy court, US District Court for District of Delaware, Quebec Superior Court