The economic impacts of the COVID-19 pandemic are far reaching
and significant. Whilst the Federal Government has announced a
number of temporary reforms to address these impacts in the context
of insolvency, the guiding principles relating to the chair's
casting vote in insolvency related meetings remain unchanged.
Meetings of creditors can still occur, and it is expected that they
will be held electronically. These are all good reasons to
understand the issues that can arise at contested meetings where
companies are under external administration, so effective
strategies can be implemented.
Context
Formal meetings involving public and private companies,
partnerships and strata schemes are an integral part of business
and commercial life, and for many their personal lives too. What
may surprise some is that the rules governing meetings for
different entities will vary depending on the legislation relevant
to each type of entity and its establishment and
