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The Corporate Insolvency and Governance Act 2020 (CIGA) is no longer in force
As of today 1 April 2022, some provisions of the CIGA are no longer in force and instead parts of the legislation revert back …
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After the pandemic: What businesses should be thinking about now to get ready
An unprecedented range of business support measures have been made available to UK businesses during the coronavirus pandemic. But as restrictions ease and financial …
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New bill aims to close legal loophole in the dissolution process
A new bill has been put before Parliament proposing new powers to investigate directors of companies that have been dissolved, closing a legal loophole to deter against the misuse of the dissolution process.
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Winding up petitions during the coronavirus pandemic
Coronavirus restrictions on winding up petitions have been extended until 30th June 2021.
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New rules on pre-pack sales to connected parties from 30 April 2021
From 29 March 2021, new rules come into effect which will apply to pre-pack administration sales to connected parties, commencing on or after 30 April 2021.
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How green does your business grow?
Leading finance lawyer Louise Duffy considers the relevance of green lending initiatives as we come out of the coronavirus crisis.
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Suppliers’ termination clauses rendered toothless
Supplying goods and services is something every organisation is involved in, but how does new debtor-friendly legislation affect supplier relationships with distressed businesses?
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New restructuring plan offers lifeline to struggling businesses
Restructuring plans are nothing new, but legislation just passed means that a court can now sanction a plan even if creditors vote against it. Here’s how it works.
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Insolvency moratorium: a welcome break?
A new moratorium has been introduced to give companies more time to rescue and recover their business following the outbreak of COVID-19. But how does it work and how does it impact creditors?
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Wrongful trading: relief for directors of distressed businesses
The rules on wrongful trading have been temporarily relaxed. Here we examine what that means for directors of businesses that might be struggling to survive.