Wednesday, September 16, 2020
As we discussed in ourprevious blog relating to the Supplier of Last Resort Process, energy company insolvencies bring with them a range of different processes and requirements which other companies do not need to consider.
In particular, the involvement of the Secretary of State and the Gas and Electricity Markets Authority (GEMA) in energy company insolvencies is especially notable. This month, new legislation was introduced to dictate how the Corporate Insolvency and Governance Act 2020 would interact with energy company insolvencies.
On 3 September 2020,The Insolvency (Moratorium) (Special Administration for Energy Licensees) Regulations (SI 2020/943)came into force which make modificatio…
Read the full article at: https://www.natlawreview.com/article/how-do-changes-to-uk-insolvency-laws-apply-to-energy-companies
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