Ipso facto reforms – Can I enforce my contractual rights?

Ipso facto clauses are contractual provisions that allow a party to terminate or modify a contract on the occurrence of a specified event. The Commonwealth Government has introduced reforms which will limit the rights of a party to enforce ipso facto clauses in certain insolvency scenarios. The reforms come into effect on 1 July 2018. […]

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Ipso facto reforms at a glance

The Commonwealth Government has introduced reforms to the insolvency regime which will change the way in which ipso facto clauses in contracts operate on the occurrence of an insolvency event. These reforms come into effect on 1 July 2018.   What are ipso facto clauses? Ipso facto clauses are provisions in contracts that allow a […]

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