Examinership Flashcards
1
Q
Wogans
A
Independent Expert Report, utmost good faith, company affairs, deficiency in assets, reasonable prospect for survival, would winding up be more appropriate, creditor committee will assist.
2
Q
Gallium Limited
A
Reasonable prospect of survival test - discretion
3
Q
JJ Red Holdings Limited
A
Reasonable Prospect is the only test
4
Q
Claremorris Tourism
A
Reasonable prospect test -
5
Q
Atlantic Magnetics
A
Breathing space at the expense of creditors
6
Q
Butlers Engineering
A
Even short breathing space can have consequences
7
Q
Edenpark Construction
A
Examiner may not extinguish functions of directors - board continues to manage the company
