Shepard (Administrators), in the matter of Edge Early Learning Holdings Pty Ltd (Administrators Appointed)
The Court allowed administrators of 45 related childcare companies to run a single pooled bank account and one creditors' committee rather than separate arrangements for each entity, on cost and efficiency grounds.
What it means for business
Consider raising pooled banking and single-committee orders early where a group administration would otherwise multiply costs.
What does this mean for your business?
If this development touches your contracts, compliance or reporting, it may be worth a short conversation. Get in touch through our contact page and a senior lawyer will reply within one business day.
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