1. Law Commission's Insolvency Law Reform discussion paper which canvassed major changes to insolvency law in 2001 only mentions ipso facto clauses once, in a quote from an international expert but does not address the point again: See Law Commission;There does not appear to have been the same debate in New Zealand. Indeed, the,2001
2. It is by no means a blanket prohibition on ipso facto clauses: see further Douglas Baird;Usc;The Elements of Bankruptcy (5 th ed,2010