Thursday, June 25, 2020
The Corporate Insolvency and Governance Bill (the Bill) was published on 20 May 2020 and introduced a new debtor-in-possession moratorium to give companies breathing space in order to try to rescue the company as a going concern. The Bill went through the House of Commons on 3 June and passed through the House of Lords on 23 June. The Bill was back before the House of Commons today and is likely to receive Royal Assent next week (at which point the Bill will become law).
Our lastblogon the moratorium focused on the key provisions that secured lenders should be aware of and the impact on qualifying floating charge holders (QFCH). This blog will consider the changes made to the Bill as it has passed …
Read the full article at: https://www.natlawreview.com/article/uk-insolvency-law-changes-impact-house-lords-amendments-to-new-moratorium-secured
