Royal assent has been given to the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 (“the Act”), extending the Insolvency Service’s powers to investigate directors that have dissolved their companies to assess whether disqualification...
Section 216 of the Insolvency Act 1986 states that it is a criminal offence for a person who has been a director of a company at any time during the 12 months prior to that company going into insolvent liquidation, to be involved in the management, promotion or...
Throughout the pandemic, we have reported that companies in financial distress have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act 2020. In a recent announcement, the Government confirmed that it is easing...
The Government has announced that the insolvency measures that were introduced in the Corporate Insolvency and Governance Act (2020), designed to support businesses during the COVID-19 pandemic, are set to be extended until 30 September 2021 following an announcement...
We recently reported that the current restrictions on the presentation of winding up petitions and the making of winding up orders introduced by Corporate Insolvency and Governance Act 2020 (“CIGA 2020”) have been extended to 31 March 2021. By way of reminder, CIGA...
New regulations will come into force on 4 May 2021 to help those struggling with debt to apply for much needed breathing space with the assistance of a regulated debt advisor, in order to benefit from legal protections against creditor action. The Regulations, which...
