Liquidation – A Guide for Investors

This Guide has been prepared by Ernst & Young.

If a company is in financial difficulty, its shareholders, creditors or the court can put the
company into liquidation under the provisions of the Companies Act 1993 (―the Act‖).

This information sheet provides general information for unsecured creditors of
companies in liquidation.

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Stuff: Receivers might try fast-track method

Ross Asset Management investors could face “rough justice” in a bid by receivers to bring a relatively speedy return of funds.

PricewaterhouseCoopers partner John Fisk faces a massive task establishing a formula to use to return the up to $11 million in assets which have been found, which after the costs of the process could be 1 to 2 cents in the dollar invested.

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