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COVID-19: temporary insolvency provisions extended for another three months. Welcome breathing space or delaying the inevitable?

United Kingdom - December 16 2020 Last week saw the government further extend COVID-19 emergency insolvency provisions until 31 March 2021. Since April, these have: imposed a blanket…

Ian Fox.

Wrongful trading suspension 're activated' by UK Government leaving directors with a 2-month "gap" in protection during COVID 19 pandemic

United Kingdom - November 26 2020 Today, new legislation comes into force* that provides directors of companies in financial difficulty with a second breathing space from the…

Douglas Blyth, Celia Hayward, Ian Fox, Luci Mitchell-Fry, Richard Pallot-Cook, Tessa Blank.

Corporate Insolvency and Governance Act 2020 comes into force

United Kingdom - June 29 2020 On 26 June, the long-awaited Corporate Insolvency and Governance Act 2020 became law providing the UK (but with separate provisions for Northern…

Celia Hayward, Ian Fox, Jason Sheard, Richard Pallot-Cook, Tessa Blank.

Implications of new moratorium and exclusion of directors' liability in the UK now Corporate Insolvency and Governance Act 2020 becomes law

United Kingdom - June 29 2020 On 26 June the long-awaited Corporate Insolvency and Governance Act 2020 came into force and introduced emergency measures to provide protection to…

Douglas Blyth, Celia Hayward, Derek McCombe, Ian Fox, Richard Pallot-Cook, Tessa Blank.

COVID-19: Companies facing financial challenges - Top 10 tips for UK boards

United Kingdom - June 29 2020 The Corporate Insolvency and Governance Act 2020 introduces a temporary, retrospective suspension of the directors' personal financial liability for…

Celia Hayward, Ian Fox, Luci Mitchell-Fry, Richard Pallot-Cook, Tessa Blank.