The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) Regulations, SI 2021/1029, substitute a new Sch 10 to the Corporate Insolvency and Governance Act 2020 to introduce new tapering measures restricting the use of winding-up petitions with effect from 1 October 2021. The Regulations replace the existing protective measures that will expire on 30 September, providing a taper rather than a ‘cliff edge’ withdrawal. The new measures will apply for the period from 1 October 2021 to 31 March 2022.
The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) Regulations, SI 2021/1029, substitute a new Sch 10 to the Corporate Insolvency and Governance Act 2020 to introduce new tapering measures restricting the use of winding-up petitions with effect from 1 October 2021. The Regulations replace the existing protective measures that will expire on 30 September, providing a taper rather than a ‘cliff edge’ withdrawal. The new measures will apply for the period from 1 October 2021 to 31 March 2022.
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