Restructuring in the Twilight Zone: Directors Duties in Australia
Australian governance imposes three sources of duties on directors—the Corporations Act, other statutory and common law, and equitable duties based. Anglo-Australasian jurisprudence and statutes have developed a series of good faith, skill, and diligence duties that directors must satisfy in making...
In October 2018, Quintis Limited, with some 13,000 hectares (32,110 acres) of sandalwood to grow and harvest in Australia, completed a recapitalisation of its business and restructuring of the group balance sheet and debt instruments. The restructure design utilised Australian voluntary...