{"id":679,"date":"2020-06-09T11:28:21","date_gmt":"2020-06-09T15:28:21","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/coronaviruscovid19\/?p=679"},"modified":"2020-06-09T11:28:21","modified_gmt":"2020-06-09T15:28:21","slug":"termination-clauses-and-temporary-covid-19-relief-from-uk-corporate-insolvency-and-governance-bill","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/06\/09\/termination-clauses-and-temporary-covid-19-relief-from-uk-corporate-insolvency-and-governance-bill\/","title":{"rendered":"Termination Clauses and Temporary COVID-19 Relief From UK Corporate Insolvency and Governance Bill"},"content":{"rendered":"<p>The new Corporate Insolvency and Governance Bill will introduce new provisions to protect a company from suppliers wishing to terminate supply contracts or invoking more draconian terms when the company is entering into certain insolvency procedures, a CVA, or a new restructuring plan or moratorium (as introduced by the Bill), (each an \u201cInsolvency Procedure\u201d).<\/p>\n<p>The purpose behind the new provisions is to maximise the possibility of a company being rescued or being able to sell its business as a going concern by helping it to trade through an Insolvency Procedure.<\/p>\n<p>To read the full post by Duane Morris partner <a href=\"https:\/\/www.duanemorris.com\/attorneys\/lindajcrow.html\" target=\"_blank\" rel=\"noopener noreferrer\">Linda Crow<\/a>, please <a href=\"https:\/\/blogs.duanemorris.com\/london\/2020\/06\/09\/uk-corporate-insolvency-governance-bill-termination-clauses-temporary-covid-19-relief\/\" target=\"_blank\" rel=\"noopener noreferrer\">visit the <em>Duane Morris London Blog<\/em><\/a>.Corpo<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new Corporate Insolvency and Governance Bill will introduce new provisions to protect a company from suppliers wishing to terminate supply contracts or invoking more draconian terms when the company is entering into certain insolvency procedures, a CVA, or a new restructuring plan or moratorium (as introduced by the Bill), (each an \u201cInsolvency Procedure\u201d). The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/2020\/06\/09\/termination-clauses-and-temporary-covid-19-relief-from-uk-corporate-insolvency-and-governance-bill\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Termination Clauses and Temporary COVID-19 Relief From UK Corporate Insolvency and Governance Bill&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[835,261],"ppma_author":[1043],"class_list":["post-679","post","type-post","status-publish","format-standard","hentry","category-general","tag-corporate-insolvency-and-governance-bill","tag-uk"],"authors":[{"term_id":1043,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/comments?post=679"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/posts\/679\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/media?parent=679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/categories?post=679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/tags?post=679"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/coronaviruscovid19\/wp-json\/wp\/v2\/ppma_author?post=679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}