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Senate Committee endorses reduction from three years to a one year bankruptcy period

The Senate Legal and Constitutional Affairs Legislation Committee (“the Committee”) has endorsed the passing of the Bankruptcy Amendment (Enterprise Incentives) Bill 2017 (“the Bill”) in its report dated 21 March 2018.[1]

Australia, Insolvency & Restructuring, King & Wood Mallesons, Bankruptcy
Don’t flip out! Government's proposals on ipso facto clauses could void securitisation flip clauses

The Australian Government is proposing to constrain certain "ipso facto" clauses ‒ a move which could make flip clauses void. The closing date for submissions is Friday 27 May 2016.

How would changes to ipso facto clauses affect securitisation?

Australia, Insolvency & Restructuring, Litigation, Securitization & Structured Finance, Clayton Utz