Insolvency relief not enough to hold back potential ‘tsunami’ of company failures

Restructuring & Insolvency 2020-03-24 12:55 pm By Christine Caulfield | Melbourne

Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal — and if Australia enters a European-style lockdown it won’t be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.