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.
Practical Law Australia Dispute Resolution provides detailed guidance on this complex, dynamic area of the law. Our expertly drafted resources help lawyers to decide what questions to ask, what law applies and why. To learn more about Practical Law Australia or to request a trial, visit the website.
