Government told to safeguard business by extending insolvency relief
The government should consider extending the six-month moratorium protecting directors whose companies are trading while insolvent in order safeguard smaller to medium-sized businesses, a senior commercial disputes lawyer has warned.
Last month, the federal government enacted temporary measures to avoid unnecessary insolvencies and bankruptcies in light of the challenges COVID-19 poses, by providing a safety net for directors and businesses to help them operate during a temporary period of illiquidity.
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