By Anthony O. Goriainoff
Manolete Partners PLC said Tuesday that its performance to date has been in line with management’s expectations despite the effect of the Corporate Insolvency and Governance Act 2020, known as the “temporary measures,” which led to a fall in corporate insolvencies.
The act came into force on June 26, 2020, and introduced temporary provisions linked to the pandemic. Among other things, it required courts to temporarily assume that directors weren’t responsible for any worsening of the financial position of a company or its creditors between March 1, 2020, and Sept. 30, 2020.
The U.K. insolvency litigation financing company said that upon recent confirmation that these temporary measures were to be phased out …
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