We should take note of lessons from the past and seize the opportunity to build a better corporate insolvency system.
In its January 2020 annual survey of perceptions of thirty global risks, the World Economic Forum (WEF) ranked infectious diseases tenth in terms of impact, though well down in the bottom-half of expected likelihood. There is no need to repeat here how 2020 has tragically unfolded.
Pandemics fall into that hugely problematic economic phenomenon of black swan events for which there are few playbooks at hand for governments, policymakers and regulators to manoeuvre through the crisis. Other black swan events include cyberattacks, terrorist attacks and extreme weather events.
It would be nave to suggest that our systems of…
Read the full article at: https://www.accountantsdaily.com.au/sponsored-features/14732-corporate-insolvency-law-in-crisis-in-a-time-of-crisis
