Newsflash: Update on Corporate Insolvency and Governance Act 2020
In our update yesterday we reported on the Government’s announcement that it will extend the measures provided by the Corporate Insolvency and Governance Act 2020 again in order to give businesses extra breathing space in some areas.
As we predicted, the Government further announced yesterday that the temporary measures in relation to winding up petitions and statutory demands will also be extended to 31 March 2021 to protect companies from aggressive creditor enforcement action as a result of Coronavirus related debts.
This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. For advice, get in touch with your usual Greenwoods GRM contact or scroll down to complete our enquiry form.