Look-back period clarification under insolvency law as the two-year reference window is aligned to the initiation date. Section 50(1) of the principal insolvency law is amended by replacing the phrase "period within two years preceding" with "period starting from two years ... Summary
Look-back period clarification under insolvency law as the two-year reference window is aligned to the initiation date.
Section 50(1) of the principal insolvency law is amended by replacing the phrase "period within two years preceding" with "period starting from two years preceding the initiation date and ending on". The amendment clarifies the relevant look-back period for the operation of sub-section (1) and aligns the provision with the initiation date as the reference point for calculating the applicable two-year period.
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