Tuesday, June 9, 2020
As set out in the firstblogin this series, the Corporate Insolvency and Governance Bill (the Bill) introduces a new debtor-in-possession moratorium to give companies breathing space in order to try to rescue the company as a going concern.
The first blog outlined how the moratorium will work and the secondblogfocused on the key provisions that secured lenders should be aware of. This blog will outline issues for other stakeholders the insolvency practitioner (IP) monitoring the moratorium (the monitor), creditors, suppliers, the debtor company and its directors.
The Monitor
In a moratorium, directors remain in control and continue to trade in the ordinary course of business. The monitor does not have the same leve…
Read the full article at: https://www.natlawreview.com/article/uk-insolvency-law-changes-new-moratorium-and-other-stakeholders
