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Home | Corporate Insolvency and Governance Bill will help business

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Corporate Insolvency and Governance Bill will help business

Published: 22/05/20

The Corporate Insolvency and Governance Bill will put in place a series of measures to amend insolvency and company law to relieve the burden on businesses during the coronavirus outbreak and allow them to focus all their efforts on continuing to operate. The Bill will:

• introduce temporary easements on filing requirements and Annual General Meetings (AGMs)

• introduce new corporate restructuring tools to the insolvency regime to give companies the time they need to maximise their chance of survival

• temporarily suspend parts of insolvency law to support directors during this difficult time

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