The UK government has extended its suspension of various rules and procedures affecting distressed businesses as a result of the coronavirus (COVID-19) pandemic. However, with the UK lockdown easing on a rolling basis up to 21 June 2021, these may be the last of the blanket extensions across all of these areas. Expect the gradual reintroduction of some of the rules and procedures from 1 July onwards.
The Extensions to the End of June 2021
The new end date to which the UK government has extended various derogations from usual insolvency-related rules and procedures is 30 June 2021, including:
The current temporary restrictions on the service of statutory demands and winding-up petitions on distressed companies by creditors.
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