Wednesday, July 1, 2020
On 25 June 2020 the Corporate Insolvency and Governance Act received Royal Assent, making some of the biggest changes to UK insolvency laws in the last 30 years. We have written several blogs covering the changes and how they help support distressed businesses, impact suppliers, lenders and other third parties and have tracked the changes through the UK parliament.
Largely because of the need to implement temporary changes to help support business in distressed as a result of COVID-19 the Bill was fast tracked through parliament leaving limited time for scrutiny and change. There are powers in the Act to enable quick changes to the Act, if the procedures dont work as intended. These will enable lo…
Read the full article at: https://www.natlawreview.com/article/quick-guides-changes-to-uk-insolvency-laws
