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Australian Court grants administrators relief regarding creditors’ meetings and personal liability to lessors

Australian Court grants administrators relief regarding creditors’ meetings and personal liability to lessors
Published on: 07 May 2020
Published by: LexisPSL
  • Australian Court grants administrators relief regarding creditors’ meetings and personal liability to lessors
  • Key takeaways
  • Case details

Article summary

Restructuring & Insolvency analysis: On 20 April 2020, administrators were appointed to Virgin Australia Holdings Ltd (Administrators Appointed) and various of its subsidiaries (Virgin Australia). Because of the challenges arising from the coronavirus COVID-19 pandemic, the Federal Court has allowed Virgin Australia’s administrators to conduct various aspects of the administration (including holding creditors’ meetings and forming the committee of inspection) electronically, and has extended the time for the administrators to respond to creditors’ requests for information and to give notice to Virgin Australia’s lessors to limit the administrators’ personal liability. or take a trial to read the full analysis.

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