CORONAVIRUS – UK CORPORATE INSOLVENCY AND GOVERNANCE BILL: THE NEW MORATORIUM PROCEDURE

On 2 June, Eversheds Sutherland published an article which focus on the introduction of the standalone moratorium for companies that are insolvent or likely to become insolvent and, in the opinion of an insolvency practitioner, capable of rescue as a going concern.  It is independent of formal insolvency processes, such as administration or liquidation, and it is not necessarily a gateway to such a process: it is designed to be a breathing space from which companies emerge as a going concern.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/coronavirus/coronavirus-moratorium-procedure-020620

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s