UK: Corporate Insolvency and Governance Act 2020: temporary COVID-19 measures further extended
The Government announced on 9 December 2020 that it intends to extend the restrictions imposed by the Corporate Insolvency and Governance Act 2020 (CIGA) on statutory demands and winding up petitions for a second time, until 30 March 2021.
In September the Government announced the first extension to a raft of restrictions and provisions introduced by CIGA. This extra-time only extended restrictions on statutory demands and winding up petitions until 31 December 2020. The government has now announced that these provisions in CIGA will be allowed to run until 30 March 2021. More details about these extensions can be found here.
This intended extension follows a further announced extension in November to the provisions of CIGA in respect of directors’ liability for wrongful trading.
This briefing note is part of the Disputes material located on Bird & Bird’s COVID-19 In Focus page.
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