Background

Vaughan Neil Strawbridge and Glen Kanevsky were appointed Joint and Several Administrators of the Companies on 30 November 2017, pursuant to section 436A of the Corporations Act 2001 (Cth). Subsequently, at the second meeting of creditors held on 29 March 2018, creditors resolved that the Companies execute a Deed of Company Arrangement (DOCA) as part of a recapitalisation of the business.

On 2 August 2018, the DOCA effectuated and Vaughan Neil Strawbridge and Glen Kanevsky were appointed Trustees of the ORL Creditors’ Trust.

On 30 April 2021, Glen Kanevsky in his capacity as joint and several trustee of the ORL Creditors’ Trust confirmed that the Trustees obligation to distribute the Trust Fund has been satisfied. Accordingly, the ORL Creditors’ Trust Deed has been terminated and the Trustees have resigned as Trustees of the ORL Creditors’ Trust Deed.