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Authors:
- Daniel Woodhouse
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Segment:
- Corporate Finance
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Asset type:
- Article
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Industry:
- Financial Institutions
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Topic:
- Government & Policy
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Country:
- Australia
Date published:
- July, 2018
Insights Library
Ipso Facto – Encouraging Turnarounds and Preserving Enterprise Value
The Enterprise Incentives Act came into effect on 1 July 2018 and, like the safe harbour reforms, the ipso facto amendments look to promote a culture of entrepreneurship and successful turnaround. Under the new amendments a counter-party is unable to terminate the contract if an insolvent event occurs, save for specific exceptions.
For further information please contact Linda Bertolissio or Riina Rintanen.