Australian banks havehistorically relied onformal ...More
Australian banks havehistorically relied onformal liquidation,voluntary administrationand receivershipprocesses available underthe under theCorporations Act 2001(Cth) and under generallaw where informalrestructurings havefailed. There has beenlittle appetite forexploring alternativemethods to exitdistressed situations bydebt trading. Less
OPES CAPITAL INC
Australian banks have historically relied on formal liquidation, voluntary administration and receivership processes available under the under the Corporations Act 2001 (Cth) and under general law where informal restructurings have failed. There has been little appetite for exploring alternative methods to exit distressed situations by debt trading.
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