The discussion paper notes that legislation which would have reduced the default period for bankruptcy from three years to one year the Bankruptcy Amendment (Enterprise Incentives Bill lapsed before the 2019 election over concerns about it being available to those “for whom a concession is not a desirable or justifiable outcome”. The paper says consideration…
By David Lawder, Karin Strohecker 4 Min Read (Reuters) – Increasing debt distress in emerging markets means that China, now the worlds largest official creditor, will need to start restructuring debts in the same way that Paris Club lenders did in past crises, World Bank Chief Economist Carmen Reinhart told the Reuters Next conference on…
Introduction General legislation Subsidies Consumer protection Air transport Introduction Since the World Health Organisation declared the COVID-19 outbreak a pandemic on 11 March 2020, governments worldwide have made significant efforts to cope with this unforeseen situation and control the spread of the virus. Numerous legal provisions, both temporary and permanent, have been introduced in an…