An administrator's report must disclose the nature of and basis for the company's principal claim, the financial capacity of those proposing to fund litigation under a DOCA, any connection between the administrator's staff and the company's director, and any arrangement for the director to pay the administrator's fees. Failure to disclose these matters constitutes material omission under s 445D(1)(c) warranting termination of the DOCA. Where an administrator's consultant has previously acted on behalf of or in the interests of the company's director, a reasonable perception of lack of independence arises warranting removal under s 449B, even if the administrator was personally unaware of the full extent of the connection. Court-ordered winding up is not automatically stayed or terminated by appointment of an administrator under s 436B.
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