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Factors for extending convening periods for the second meeting in administrations: lessons from Olsen, in the matter of Babyskin Laser & Cosmetic Clinic Pty Ltd
In Olsen, in the matter of Babyskin Laser & Cosmetic Clinic Pty Ltd (Administrators Appointed) [2026] FCA 622 the Court considered an application to extend the time to convene a second meeting of creditors and analysed the relevant factors to assess. This article breaks down the decision and what the relevant factors are.