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Thursday, November 26, 2020
On 26 November 2020, The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Suspension of Liability for Wrongful Trading and Extension of the Relevant Period) Regulations 2020 (the Regulations) came into force.
The Regulations have exactly the same impact as the suspension of liability for wrongful trading that was brought into force by the Corporate Insolvency and Governance Act 2020 (the Act) on 26 June 2020. We discussed these measures in detail in our blogherebefore they were brought into force by the Act and there was a subsequent extension of the relevant period to 30 September 2020.
Unlike other temporary measures under the Act which were extended again to 31stD…
Read the full article at: https://www.natlawreview.com/article/further-suspension-uk-wrongful-trading-laws-introduced
