The UK Government Introduces Corporate Insolvency and Governance Bill Prompted by COVID-19

Last week the UK government introduced the Corporate Insolvency and Governance Bill in Parliament.

The main objective of the Bill is to provide businesses with the flexibility and space needed to continue to trade during this difficult time caused by the COVID-19 pandemic. That said, the provisions around the new moratorium and the new restructuring plan proposal have been under consideration for a few years.

To read the full text of this post by Duane Morris partner Linda Crow, please visit the Duane Morris London Blog.