The Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act.
The government today (Wednesday 20 May) introduced the Corporate Insolvency and Governance Bill in Parliament, which will put in place a series of measures to amend insolvency and company law to support business to address the challenges resulting from the impact of coronavirus (COVID-19).
The Bill consists of 6 insolvency measures and 2 corporate governance measures.
The insolvency measures will provide vital support to businesses to help them through this period of instability.
Business Secretary Alok Sharma said:
This is a particularly challenging time for businesses right across the UK, and we are doing all we can to support…