McAleese Limited - Panel Declines to Conduct Proceedings

The Panel has declined to conduct proceedings on an application dated 15 July 2016 from Havenfresh Pty Ltd in relation to the affairs of McAleese Limited. 

The application concerned the proposed recapitalisation of McAleese announced on 7 June 2016 (see TP16/54).

The Panel considered the circumstances of the proposed senior debt acquisition are not central to the issues which might be of concern to the Panel in the context of the proposed recapitalisation.