Zone of Insolvency

Tag Archives: Credit Bidding

High Court of Australia rules that “holding” deeds of company arrangements are valid

By Jeffery Black (AU) and Nicole Schaillee on November 29, 2018 Posted in Australia

BVI based creditor – Mighty River International Limited – challenged the validity of a “holding” deed of company arrangement (or a ‘holding DOCA’) approved by creditors of Australian miner Mesa Minerals Limited (Company). … Continue Reading

Limiting the Right to Credit Bid: A New Trend?

By on April 25, 2014 Posted in US

Earlier this month, in the In re The Free Lance-Star Publishing Co. bankruptcy cases, Judge Huennekens of the Bankruptcy Court for the Eastern District of Virginia issued a memorandum opinion which laid out the Court’s decision limiting the right of a secured creditor to credit bid. The Court, pointing to a “perfect storm” of factors… Continue Reading