The Corporate Insolvency and Governance Act 2020 came into force on 26 June 2020 bringing about the most significant changes to the UK’s insolvency procedures in nearly 20 years.
The Act contains both short-term measures to relieve the burden on businesses of the Covid-19 pandemic and longer-term permanent reforms to the insolvency regime.
Short term measures of the Act include:
Longer term reforms of the Act include:
A key focus of the Act has been to respond to the Covid-19 crisis as quickly as possible to protect UK businesses. The Government have said they will continue to consider additional measures that may be required in the fallout.
To review the Government’s guidance on the measures contained in the Act, please click here.
SMB remains fully operational and is here to deal with any and all commercial and transactional queries that you may have during this exceptional time. Please do not hesitate to get in touch with Partner Natalie Wright. We are able to offer all of our services remotely and we have secure video conferencing facilities.
In a judgment handed down on Tuesday 19th January, SMB won a claim to recover the domain name blackjack.com on behalf of our client, Hanger Holdings.
Read moreSMB’s Music department has launched a partnership with The BRIT School, the UK’s first and leading free performing and creative arts school, who are responsible… Read more
SMB’s Media Team have advised FAE Film and Television Limited on the production and financing of new film Save The Cinema for Sky Cinema.
Read more