The Part A1 Moratorium is an insolvency process that was introduced by the Corporate Insolvency Governance Act 2020 to help financially distressed companies obtain temporary protection from creditor action, while the company attempts to rescue itself as a going concern. A quick legal update on the Part A1 Moratorium and its effects can be found below.
Joe Donaghey and Haania Amir, London Trainee Solicitors, contributed to the drafting of this update.[View source.]
Read the full article at: https://www.jdsupra.com/legalnews/the-part-a1-moratorium-stop-right-now-4491843/