As part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive.
The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in a generation.
The fact that the Government got the Act through Parliament in just six weeks shows how important it considers the new law to be in getting businesses back on their feet.
Last year it had a rapid passage through the UK parliamentary process, making its way from first publication on 20 May to Royal assent on 25 June.
In short, the Act is there to encourage businesses to carry on trading…
Read the full article at: https://www.thebusinessdesk.com/westmidlands/news/2052301-corporate-insolvency-and-governance-act-provides-breathing-space-to-businesses-left-struggling-by-the-covid-19-pandemic
