Corporate Insolvency and Governance Bill

On 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) introduced the new Corporate Insolvency and Governance Bill. The measures in this Bill will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. The Bill will: introduce temporary easements on filing requirements and Annual General Meetings (AGMs); introduce new corporate restructuring tools to the insolvency regime to give companies the time they need to maximise their chance of survival; and temporarily suspend parts of insolvency law to support directors during this difficult time.