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On 21 May 2020 we reported on the provisions of the Corporate Insolvency and Governance Act 2020 that were aimed at assisting struggling businesses during the Coronavirus pandemic.
The Government has brought into force a new statutory instrument to extend the operation of several key Covid-related restrictions and measures that were due to expire on 30 September, but will now expire on new dates:-
Note however that not all of the provisions have been extended. In particular the suspension of liability for wrongful trading has not been extended.
As with all Covid-related legislation, this is a fast-moving area. 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.
30 September, 2020
Hilary is a Solicitor and Partner in our Commercial Dispute Resolution team.