The U.K. Government has published the U.K. Corporate Governance and Insolvency Bill. The Bill amends aspects of insolvency and company law to assist firms struggling to cope with the effects of the COVID-19 pandemic. The measures include:
Financial services firms are exempt from the benefit of certain of these measures, but will have access to the Bill’s new Restructuring Plan. The Bill must now pass through the usual Parliamentary processes before being enacted.
View the announcement of the publication of the U.K. Corporate Governance and Insolvency Bill.
View details of the exemptions from the Bill for financial services firms.
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