A Deed of Company Arrangement (otherwise known as a DOCA) is a binding arrangement between a company and its creditors which facilitates a company’s recovery to a position of solvency and allows that company the opportunity to continue its corporate existence. A Deed of Company Arrangement is a flexible and versatile tool for returning an ailing or insolvent company to a state of financial health and providing benefits to creditors which they would not enjoy if the company were immediately wound up.
Deeds of Company Arrangement may also present a commercial solution to liquidity problems experienced by companies and permit companies, with the indulgence of their creditors, to trade through periods of difficulty and emerge as a viable and ongoing concern.
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