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Showing 1 - 10 of 18 results for "Deed of Company Arrangement"

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... is approved, it "will be an important milestone" for the company. "The amount contemplated in the Deed of Company Arrangement (DOCA) comprised of $4 million from E&P (which was fully provisioned in EP1's accounts in December 2022) as well as remaining ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... the appointment of voluntary administrators to DASS in January 2022 and subsequent creditor approved Deed of Company Arrangement (DOCA). The E&P Funds business saw FUM reduce by 30% to $4.3 billion thanks to it exiting the Real Asset funds business ...

ASIC takes Dixon Advisory director to court

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... DASS went into voluntary administration. On 16 December 2022, Dixon Advisory's creditors passed a deed of company arrangement, which among other things, required E&P Operations to pay $17,662,489 to Dixon Advisory. Action taken by ASIC in that same ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... compensation. In 2022, DASS administrators recommended that creditors vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on the dollar. The Financial Services Council (FSC) welcomed the introduction ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... it's in the best interest of the failed group's creditors to vote in favour of a proposed deed of company arrangement that would see them receiving as little as 3.1 cents on the dollar. Previously this recommendation was rejected by a group of ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... 2019. In August 2019 the company was placed into voluntary administration and later entered into a deed of company arrangement. ASIC launched the Federal Court action against Squirrel Super in December 2020. The court made clear that nobody has reported ...

E&P pulls the plug on DASS

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
... clients will be transferred to a replacement service provider of their choice. E&P will propose a Deed of Company Arrangement that sets out the settlement of all DASS claims.

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... agreement for the business with Bain Capital, the sale is not yet complete. Bain Capital has proposed a Deed of Company Arrangement as its preferred method of implementation, set to be put forward to a vote at the second creditor's meeting. Deloitte ...

Sargon lender sends in voluntary administrators

KANIKA SOOD  |  TUESDAY, 10 MAR 2020
... Sargon itself, there are three main courses of action from here: the company could be liquidated, a new deed of company arrangement could be proposed, or in an optimistic scenario, it could be handed back to the directors. However, it is too early to ...

Cerberus affiliate buys Aussie SME lender

KRISTI CHENG  |  TUESDAY, 24 SEP 2019
... operational throughout. It will operate as a privately held company following its acquisition, after the deed of company arrangement was signed earlier this month. Under the new ownership, the business looks to "strengthen its business and identify strategic ...
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