Extension Of Covid Insolvency Provisions To 30 June 2021

• Published date: 02 June 2021
• Subject Matter: Insolvency/Bankruptcy/Re-structuring, Insolvency/Bankruptcy
• Law Firm: Moon Beever
• Author: Frances Coulson

SI 2021/375: Provisions are made to extend

(i) the suspension of liability for wrongful trading,
(ii) the prohibition on statutory demands and winding-up petitions and
(iii) the exemption of small suppliers from the prohibition on ipso facto clauses to 30 June 2021 in England, Scotland, and Wales.

The temporary modifications to the new moratorium procedure, relaxing the qualifications for entry, are extended until 30 September 2021.

These Regulations come into force on 26...