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“Holding” deeds of company arrangement are valid, confirms Australian court

By Dominic Lawson

13 September 2018

“Holding” deeds of company arrangement are valid, confirms Australian court iStock.com/erlucho

An Australian appeals court has confirmed the validity of so-called holding deeds of company arrangement that are used to buy time while a distressed company considers its options – rejecting a British Virgin Islands-based creditor’s application against an Australian mining company in administration.