Restructuring & Insolvency

The UK Government introduced the Corporate Insolvency and Governance Bill on 20 May 2020 with the reading of the Bill taking place in the House of Commons on Wednesday 3 June 2020.

Some of the measures being introduced are temporary and designed to help companies in the short term which are facing ongoing financial pressures as a result of the ongoing COVID-19 pandemic, however many of the other changes represent a more permanent and fundamental change to insolvency law in the UK. 

During the course of June and July the Stronachs Restructuring and Insolvency Team will be publishing a series of articles looking at the implications of these significant legislative changes. 

The first in the series is intended as a quick overview of the main areas of reform under the Bill and can be read here. 

Over the coming weeks, as part of the series, the team will be providing an in-depth look at the following areas:- 

• Overview of the main areas of the Bill
• Termination of Supply Contracts
• Moratorium
• Wrongful Trading
• Impact on Landlords
• Corporate Governance
• Statutory Demands
• Restructuring Plans
• Winding Up Petitions
• Extension of Measures