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Extension to insolvency protection

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The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No 2) Regulations, SI 2021/718 extend the period during which temporary measures apply which restrict the use of statutory demands and winding-up petitions. Those provisions were introduced in Schedule 10 to the Corporate Insolvency and Governance Act 2020 to help mitigate the effects of coronavirus on business solvency and are extended from 30 June 2021 until 30 September 2021. The Regulations came into force on 22 June 2021.

Issue: 1537
Categories: News
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