Simon Beale, Paul Keddie, Tim Bromley-White

Bloomsbury Professional Law Insight - Corporate Insolvency and Governance ACT 2020

• Broschiertes Buch

Produktbeschreibung

Having gone through an accelerated parliamentary process, the Corporate Insolvency and Governance Act 2020 came into force on 26 June, 2020 having been given Royal Assent on the 25 June, 2020. It introduces the most significant changes in corporate insolvency law for nearly 20 years and has been introduced in response to COVID-19. Its main aim is to assist companies and directors by providing businesses with the flexibility and breathing space they need to continue trading during the difficult time caused by COVID-19. The key insolvency related reforms included in the Act are: - New moratorium outside of a formal insolvency process - New restructuring plan - Prohibition on issuing statutory demands and winding up petitions in connection with Covid-19 related debts - Retrospective suspension of wrongful trading - Protection of supplies of goods and services

Produktdetails

• Verlag: Bloomsbury Academic
• Seitenzahl: 112
• Erscheinungstermin: 5. Februar 2021
• Englisch
• Abmessung: 292mm x 206mm x 10mm
• Gewicht: 363g
• ISBN-13: 9781526517081
• ISBN-10: 1526517086
• Artikelnr.: 60101368

Autorenporträt

Simon Beale is the Head of the insolvency practice at Mcfarlanes. He has more than 22 years' experience of advising on corporate restructuring and recovery issues. Simon acts for troubled companies, their directors and shareholders and for the major financial creditors of such entities. His clients also include distressed debt investors, insolvency officeholders and a variety of other parties with an interest, or potential interest, in the troubled company's business. Simon is the co-author of the Insolvency and Restructuring Manual published by Bloomsbury Professional.

Inhaltsangabe

Chapter 1: Introduction WHAT NEW PROVISONS HAVE BEEN INTRODUCED? WHAT HAS
BEEN THE REACTION TO THE PERMANENT CHANGES? Chapter 2: Moratorium
INTRODUCTION WHICH COMPANIES WILL BE ELIGIBLE FOR A MORATORIUM? HOW CAN A
COMPANY OBTAIN A MORATORIUM? WHAT IS THE EFFECT OF A MORATORIUM? THE
MONITOR WHAT IS THE DURATION OF A MORATORIUM? CHALLENGES IN CONNECTION WITH
A MORATORIUM INSOLVENCY PROCEDURES FOLLOWING A MORATORIUM AND
SUPER-PRIORITY Chapter 3: Restructuring plan INTRODUCTION WHEN WILL A
COMPANY BE ELIGIBLE FOR A RESTRUCTURING PLAN? WHAT MUST A RESTUCTURING PLAN
BE DESIGNED TO ACHIEVE? WHAT IS THE PROCEDURE FOR ADOPTING A RESTRUCTURING
PLAN? WHICH STAKEHOLDERS VOTE ON THE RESTRUCTURING PLAN? THE CONVENING
HEARING CLASS COMPOSITION ISSUES THE NOTICES OF MEETINGS THE MEETINGS THE
SANCTION HEARING THE ORDER MADE AT THE SANCTION HEARING FOREIGN COMPANIES
AND STAKEHOLDERS PENSION SCHEMES Chapter 4: Restrictions on the termination
of supply contracts INTRODUCTION THE PRE-CIGA 2020 REGIME THE CHANGES
INTRODUCED BY CIGA 2020 WHAT RESTRICTIONS WILL BE IMPOSED? HOW WILL THE NEW
PROVISIONS WORK IN PRACTICE? Chapter 5: Temporary provisions
ADMINISTRATION: SALES TO CONNECTED PERSONS SUSPENSION OF LIABILITY FOR
WRONGFUL TRADING SUSPENSION IN RELATION TO WINDING-UP PETITIONS REGULATIONS
TO AMEND LEGISLATION