The corporate insolvency and governance act
The most significant change to the UK’s insolvency regime since the Enterprise Act 2002 was introduced by the UK government on 20 May 2020. The Corporate Insolvency and Governance Act 2020 received Royal Assent on 25 June 2020 and most provisions came into force on the 26 June 2020. The Act was brought into law…
READ MOREFuture Fund: help for businesses
The government’s Future Fund programme opened on 20 May 2020 and there has been huge demand for it. Despite strict requirements, which we mention below, future fund loans appear to be really taking off. It seems that the initial £250 million fund may not be sufficient to meet demand and it has been reported that…
READ MORECoronavirus: Directors’ duties and the risk of wrongful trading
This analysis looks at directors’ duties, particularly concerning wrongful trading, in the context of companies facing financial difficulties as a result of Coronavirus. Introduction The impact of Coronavirus is unprecedented and is already creating significant health, social and economic challenges across the world, not least the UK. The UK government has ordered the closure of pubs, restaurants,…
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