Australia’s insolvency law reform bonanza – an update from Down Under

Partner Paul Apáthy, senior associate Rowena White and Katherine Mackellar at Herbert Smith Freehills in Sydney discuss a trio of forthcoming Australian restructuring and insolvency law reforms, including new safe harbour protections for directors; restrictions on ipso facto clauses; and a crackdown on “phoenixing” – the transfer of assets from a near-insolvent company to avoid paying creditors.

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