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 Australias insolvency legislation under a general Insolvency Act or similar pi…

Read the full article at: https://law.unimelb.edu.au/centres/mccl/news-and-events/past-events/past-events-2023/lessons-for-insolvency-law-from-the-pandemic-practice-and-reform