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Summary

The Corporate Insolvency and Governance Act 2020 was passed on 25 June 2020.  The legislation has been in contemplation for a number of years, and has implemented a significant reform to the UK's restructuring and insolvency framework.  It has also implemented certain temporary measures that are designed to protect and support businesses, protect jobs and, in doing so, attempt to preserve the economy during the COVID-19 pandemic.

Please see our guidance note  for more details.

This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.