Safe Harbour

Want to terminate a contract with an insolvent counter-party: The option may no longer be yours

In September 2017, the government passed new “Safe Harbour” reforms. These have had a major impact on underperforming companies aiming to turnaround their business with changes to maintain enterprise value and facilitate the successful restructure of a distressed company.

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Safe to fail in the Harbour – the new Safe Harbour laws for companies facing insolvency

Successfully restructuring a distressed business is hard to do. It requires compromises and trade-offs in a high risk and emotionally charged environment.

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