Tuesday, October 13, 2020
Background
The Corporate Insolvency and Governance Act (CIGA) came into force on 26 June 2020, introducing a number of permanent and temporary changes to the UKs insolvency and company laws (for further details,please refer to our GT Alert on CIGA). Certain of the temporary changes introduced by CIGA were due to expire on 30 September 2020. Some (but not all) of these temporary changes have now been extended pursuant to regulations1(the Extension Regulations) made under CIGA in order to provide corporate debtors with additional relief during the ongoing Coronavirus Disease 2019 (COVID-19) pandemic and the related financial pressures on firms which have needed to adapt to the new normal. However, pursuant to sep…
Read the full article at: https://www.natlawreview.com/article/extensions-to-temporary-changes-to-uk-insolvency-company-laws-response-to-continuing
