13 Oct 2020
The UK Government announced on 24 September 2020 that some of the temporary Covid-19 measures introduced under the Corporate Insolvency and Governance Act (“the Act”) will be extended.
Summary of extension
| Temporary measure | Previously due to expire | Extended until |
| Moratorium on winding up petitions | 30 September 2020 | 31 December 2020 |
| Moratorium on statutory demands | 30 September 2020 | 31 December 2020 |
| Supplier termination (small supplier exemption) | 30 September 2020 | 30 March 2021 |
| Company procedures (virtual AGMs) | 30 September 2020 | 31 December 2021 |
| New moratorium procedure | 30 September 2020 | 30 March 2021 |
| Suspension of director’s liability for wrongful trading | 30 September 2020 | No extension |
Please refer to our previous articles for a more detailed overview of the insolvency-related measures introduced by the Act:
Authors
Follow us online
