Parliament Passes Insolvency 'Safe Harbour' Reform
In September 2017 the Australian Government passed a new bill that will introduce significant change to the law relating to insolvent trading, and the right to terminate contracts based on insolvency ('ipso facto clauses').
When the new law is shortly authorised by the Governor General, it will give directors a conditional safe harbour from the civil insolvent trading provisions in section 588G(2) of the Corporations Act 2001 (Cth).
This webinar will provide:
- an explanation of the safe harbour, how the proposed safe harbour is designed and how we expect it will operate in practice
- an overview of some of the safeguards in the safe harbour reforms designed to protect employees and other stakeholders·
A working understanding of the insolvency safe harbour will be essential for every director. This webinar will provide directors with a thorough understanding of the new law as it effects them.
If you have specific questions that you would like answered in the last 15 minutes of this webinar, please email them in advance to firstname.lastname@example.org. They will be presented anonymously during the Q&A at the end of the webinar.