Wednesday, August 25, 2021
The recent case ofRe A Company [2021] EWHC 2289 (Ch)outlines how the coronavirus test for winding up petitions will be applied by the Courts. Taking a similar approach, to the cases ofNewman v Templar Corp Ltd [2020] EWHC 3740 (Ch) andRe PGH Investments Ltd v Ewing [2021] EWHC 533 (Ch),both as detailed in our blogshereandhere, the low threshold test for determining whether coronavirus had an impact on the financial position of the Company was applied.
The coronavirus test prohibits a creditor from pursuing winding up proceedings against a debtor company that has been financially affected as a consequence of the coronavirus pandemic. The temporary changes to winding up petitions are set to end on 30 September 2…
Read the full article at: https://www.natlawreview.com/article/uk-winding-petitions-hurdle-coronavirus-test
