If I compare to the KDC liquidation, that was going very slowly as there was very little cash to investigate, the Govt (Think ATO) underwrote the liquidation, so the KDC directors couldn't just stall and hope the liquidation would just wind up. A deal was then done with the directors insurers. In the end unsecured creditors got around 11c in the dollar. Now that there is some cash the Merlin liquidators may have resources to retrieve money from directors?
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
