The business secretary will gain powers to extend deadlines for company filings to enable directors to focus on dealing with the impact of the COVID-19 crisis, under a package of new government measures to be unveiled this week.
Sky News has obtained a summary of the eight measures to be included in the Corporate Insolvency and Governance Bill, which is due to begin its emergency passage through parliament in the coming days.
The majority of them are focused on giving company bosses additional breathing space “to maximise their chances of survival, protect jobs and support the country’s economic recovery”, according to a document circulated by the Department for Business, Energy and Industrial Strategy.
So far during the crisis, compa…
Read the full article at: https://news.sky.com/story/coronavirus-bosses-given-detail-of-emergency-insolvency-reforms-11986453
