9:50AM – Ben Sewell (Principal), Sewell & Kettle Lawyers
The Good, the Bad and the Ugly: Phoenix activity update and insolvency reform
The new insolvency reforms commenced on 1 July 2018 impacting on the right to terminate contracts triggered by insolvency events. The presentation will cover how to navigate the insolvency reforms in the context of the construction industry, the impact on new contracts and dual regimes (pre and post 1 July contracts), as well as ‘step in rights’ and bank guarantees.
- The direction of insolvency reform
- Phoenix activity
- Application of security of payment legislation to insolvent contractors