From 1 July 2018, new provisions introduced into the Corporations Act 2001 (Cth) (CA 2001) by the Treasury Laws Amendment (2017 Enterprise Incentives No 2) Act 2017 (Cth), impose a stay on the enforcement of ipso facto clauses against a company that becomes subject to certain prescribed insolvency events.
Download this legal update by the Practical Law Australia Dispute Resolution team for a quick overview of the stay provisions, and their implications and strategies that may be available to counterparties to protect their contractual rights and interests.
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