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May 2018

Contracts
15 May, 2018

Ipso facto clauses on insolvency

  On 12 September 2017, reforms to Australia‚Äôs corporate insolvency were passed by both Houses of the Australian Federal Parliament, which includes: a) a safe harbour for company directors from personal liability for companies trading insolvent; and b) a stay on the enforcement of ipso facto clauses during a period…