During the pandemic, many jurisdictions amended their insolvency laws to lessen the impact of the pandemic. In some cases, these amendments operated on a temporary basis until the impact of the pandemic abated. In other cases, more permanent reforms were introduced to improve insolvency legislation generally. In Australia, as noted in the recent report of the Parliamentary Joint Committee Corporations and Financial Services on corporate insolvency law, many stakeholders continue to call for a broad review of both corporate insolvency law and personal bankruptcy law to consider how complexity should be reduced and also the potential benefits of combining all of Australia’s insolvency legislation under a general ‘Insolvency Act’ or similar piece of legislation.
This webinar, hosted by the Corporate Law and Financial Regulation Research Program of the melbourne Centre for Commercial Law, provided an opportunity to explore lessons for insolvency law from the pandemic.
View the seminar recording
Papers
Dr John Tribe, The Way We Live Now: Bounce Back Loans and the ‘Calamitous’ Abuse of Limited Liability