Recorded Webinar: Safeguarding Against Insolvency in Commercial Relationships

Business relationships are always fraught with risk, and now even more so during times of economic downturn. What protections are available to a supplier of goods or services against the risk of insolvency by a contracting party? This session will examine supply chain risks and how practitioners can assist their clients to minimise their risks of exposure to a contractor’s insolvency and voidable preference claims, including:

• Doing the financial due diligence on contracting partners
• What needs to be in your company’s procurement policies and procedures?
• Tender conditions and standard form contracts reviews
• Monitoring ongoing financial health of contracting parties – what red flags should you be looking for?
• What safeguards can be put into the contract? A discussion of:

• Default and termination rights
• Step in rights
• Sub-contractors and supply chain monitoring and risk management

• What are the “ipso facto” provisions and are there any exceptions to them?
• Benefits of being a secured creditor – PPSA, retention of title and other options