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In our blog of 24 April we reported on the Government’s press release announcing measures to protect companies and commercial tenants from aggressive rent collection by their landlords during the Coronavirus pandemic.
Now, nearly a month later, the Corporate Governance and Insolvency Bill has been presented to Parliament. The length of time that it has taken and the length of the Bill – some 47 sections and 14 Schedules – gives some idea of the complexity involved, but this is going to be important legislation for debtors, creditors and directors, with provisions on arrangements and reconstructions for companies in financial difficulties, winding up petitions, wrongful trading and the governance and regulation of companies.
Included in the Bill are provisions:-
For more information on the issues covered in this article, please get in touch with our Commercial Dispute Resolution team by calling 01484 821 500 or email firstname.lastname@example.org to speak to a member of the team.