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Directors of BVI companies: to whom do you owe duties if your company is experiencing financial stress?

Introduction

British Virgin Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Supply chain, Coronavirus
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