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Lawyers for local government

LG Alert – Insolvency Reform: Get the Facts on Ipso Facto! (June 29th, 2018)

On 1 July 2018, the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (“the Amending Act”) will amend the Corporations Act 2001 (Cth) (“the Act”), to include a “stay” on the enforcement of rights to terminate a contract on the occurrence of an insolvency related event (“stay on ipso facto clauses”), except in limited circumstances. Click here to read the full article.