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26-03-2021

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Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021

25 March 2021

SI 2021/375: Provisions are made to extend 

(i) the suspension of liability for wrongful trading, 
(ii) the prohibition on statutory demands and winding-up petitions and
(iii) the exemption of small suppliers from the prohibition on ipso facto clauses to 30 June 2021 in England, Scotland, and Wales.

The temporary modifications to the new moratorium procedure, relaxing the qualifications for entry, are extended until 30 September 2021.

These Regulations come into force on 26 March 2021.

The restrictions on residential lease evictions are also extended to 30 June 2021

 

Frances Coulson
Senior Partner, Head of Insolvency & Litigation
Moon Beever LLP

TESTIMONIALS

Standout firm known for its personal insolvency work for clients including private companies, individuals and governmental institutions. Frequently acts for insolvency practitioners, assisting with the realisation of assets, both in the UK and abroad.

Chambers and Partners

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