Written by Sam Johnson (Partner), Emily Barrett (Partner), Caitlin McTaggart (Senior Associate), Madison Copland (Law Graduate)
JWS represented Daniel Walley and Philip Carter of PricewaterhouseCoopers in their capacity as voluntary administrators (Administrators) of IOUpay Limited (Administrators Appointed) (Company) in an unusual application to the Supreme Court of New South Wales. In the application, the directors of the Company sought orders to end the administration of the Company by authorising the directors to execute a refinancing agreement to restore the Company to solvency. In her Honour’s judgment, Justice…
