On 20 May 2020 the Corporate Insolvency and Governance Bill was introduced to Parliament. This is a major piece of legislation (stretching to 229 pages) and will form a centrepiece of the Government’s response to the fallout of the Covid 19 pandemic for businesses. It will not be law until it has passed all stages of the Parliamentary process - which is to take place at an accelerated pace. It will also be supplemented by amendments to the insolvency rules (or a special set of rules) which will fill in many gaps. However, as it is such a significant piece of new law we set out our initial comments on the insolvency and restructuring provisions below. We will be providing separate updates on the corporate governance aspects of the bill.
A common way of securing retail or office space is to take an assignment of a lease from an existing...Read more
Proposing a Company Voluntary Arrangement (CVA) is currently a popular option for companies facing f...Read more
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