On May 20, 2020, the UK government published its highly anticipated Corporate Insolvency and Governance Bill.
The Bill is intended to provide businesses with increased flexibility and breathing space to continue trading despite the challenges presented by the COVID-19 pandemic. The Bill also introduces new corporate restructuring tools to the UK insolvency regime in an effort to maximise distressed companies’ chances of survival. This memorandum provides an overview of the Corporate Insolvency and Governance Bill and summarizes the key changes that apply to businesses.
Please click here to read the full alert memorandum.