Analysis by ASIC has indicated that deeds of company arrangement enable companies to continue trading or facilitate the sale of business assets.
A new report by ASIC has shown that voluntary administrations and deeds of company arrangement remain essential restructuring tools, particularly for larger and more complex companies.
ASIC published Report 836 this week, which provides data and insights into how voluntary administrations and deeds of company arrangement (DOCAs) operate in practice and the outcomes they produce.
ASIC commissioner Kate O’Rourke said the review provides a stronger evidence base for understanding how voluntary administrations and deeds of company…