The draft Corporate Insolvency and Governance Bill 2019-21: What's changing?

Government interventions into economies as a result of the COVID-19 pandemic are now globally widespread. To date, in the UK, this has predominantly been focussed on relief measures targeted at financial support, including the creation of government backed loan schemes and the furlough scheme.

On 20 May 2020, the UK Government published the draft Corporate Insolvency and Governance Bill 2019-21 (the "Bill"), which (amongst other things) proposes to relax various statutory obligations for certain kinds of companies, where the COVID-19 pandemic has made their obligations difficult or impossible to comply with. Here, Simon Grimshaw from our Corporate, Commercial & Regulatory team takes a look at some of the key proposals relating to corporate governance. Read his complete summary here.

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