On Wednesday 24 March, the government confirmed that it will be extending the current temporary restrictions on statutory demands and winding-up petitions and the temporary suspension of directors liability for wrongful trading put in place under the Corporate Insolvency and Governance Act 2020, until 30 June 2021.
The extensions, set out in the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021, laid before parliament on 24 March, will come into effect on 26 March 2021.
This will bring the suspension measures in line with the governments announcement on 10 March that it will be extending the current restriction on commercial landlords right of re-entry or forfeiture for non-pa…
Read the full article at: https://www.jdsupra.com/legalnews/extension-of-restrictions-on-statutory-9439616/