On 19 December 2022, the UK Insolvency Service published the Corporate Insolvency and Governance Act Final Evaluation Report November 2022, which considers the operation of the permanent measures within the Corporate Insolvency and Governance Act 2020 (CIGA).
By way of recap, the permanent measures in CIGA are:
- Restructuring plans (Part 26A of the Companies Act 2006)
- Moratoriums (Part A1 of the Insolvency Act 1986)
- Restrictions of contractual termination clauses (ipso facto) in the supply of goods and services (s 233B of the Insolvency Act 1986)
For further information, please refer to our article on CIGA published in September 2020.
The report is based on independent research carried out by the University of Wolverhampton. It follo…
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