Corporate Insolvency and Governance Law 2020: COVID-19 Changes to Insolvency Law Come into Force
Many businesses are relentlessly fighting the financial crunch resulted from Covid-19 crisis to survive the economic scare.
The current COVID-19 pandemic has placed a lot of businesses registered in England and Wales into a position where they are now either balance sheet or cash flow insolvency or both.
The Corporate Insolvency and Governance Law 2020 is the largest change to the UKs corporate insolvency regime in more than 20 years.
It received royal assent on 25 June 2020 and is now in force.
The Corporate Insolvency and Governance Law 2020 introduces new corporate restructuring tools and temporary easements to give distressed business…
Read the full article at: https://www.bbntimes.com/companies/corporate-insolvency-and-governance-law-2020-covid-19-changes-to-insolvency-law-come-into-force