The Corporate Insolvency And Governance Act 2019-21 Comes Into Force

Published date07 July 2020
Subject MatterInsolvency/Bankruptcy/Re-structuring, Financial Restructuring, Insolvency/Bankruptcy
Law FirmDMH Stallard
AuthorMr Nick Williams

Originally published 30 June, 2020.

The Corporate Insolvency and Governance Bill 2019-21 has completed its passage through Parliament and received Royal Assent, and the Corporate Insolvency and Governance Act 2019-21 has been published.

As previously reported in the DMH Stallard coronavirus hub (which can be found here), a key objective of the Act is to provide businesses with the flexibility and breathing space needed to continue trading and comply with their legal obligations during the COVID-19 pandemic. The Act includes a number of measures to provide companies and other qualifying bodies with temporary relaxations of certain company filing obligations and requirements relating to Annual General Meetings and other meetings.

The Act also has measures temporarily relaxing parts of insolvency law in respect of a company director's...

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