Termination rights and insolvency events
Published:
5 October 2023
Read time: 5 minutes
Amendments made to the Corporations Act 2001 (Cth) (Corps Act) effective on and from 1 July 2018 (including additional amendments effective 1 January 2021) have the effect of restricting the ability of parties to exercise a contractual right that is triggered as a result of the occurrence of various insolvency events. These amendments have established what is known as the 'ipso facto' regime.
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