The Corporate Insolvency and Governance Act (the “Act”) received Royal Assent on 25 June 2020 and is now in force. As anticipated in our client alert of 26 May 2020, the Act represents the most extensive changes in the...more
Winds of change blow through UK insolvency law. The Act borrows restructuring concepts from the United States, aimed at rescuing struggling businesses. The new measures include a new moratorium to give companies...more
The Corporate Insolvency and Governance Act 2020 came into effect in the United Kingdom on 26 June 2020. It makes major changes to UK insolvency law. The full extent of those changes will only become apparent in the following...more
More than a third of the world’s population is under lockdown to slow the spread of COVID-19. The virus and these responsive measures have heavily disrupted lives, communities, and healthcare systems. Many businesses have...more
RE: A COMPANY (INJUNCTION TO RESTRAIN PRESENTATION OF PETITION) - The court considered an application for an injunction in light of the new Corporate Insolvency and Governance Bill 2020 (“CIGB”), which was published on 20...more