This article was first published in Digital Asset.
“Immutable” is a term that is frequently used when people talk about blockchain and the benefit of using this technology for record-keeping.
Global, Banking, Insolvency & Restructuring, IT & Data Protection, King & Wood Mallesons, Blockchain
- The Court of Appeal has given guidance to insolvent companies about whether to commence an adjudication.
- There is an important distinction to be drawn between a company in a CVA and one in liquidation.
- Parties need to be careful when making general reservations to an adjudicator's jurisdiction.
What's it about?
On 29 April 2016, the Australian Government Treasury released a proposal paper that, among other things, proposed reforms to introduce an ipso facto moratorium (Proposal). This reform was foreshadowed in as part of the Australian Government’s National Innovation and Science Agenda.