Temporary Insolvency Measures Are Ending

19 May, 2022

The Corporate Insolvency and Governance Act 2020 introduced various measures to help protect companies, which were impacted by  the lockdown restrictions during the Covid-19 pandemic.

The majority of these measures expired between June and September 2021, except for restrictions on winding up companies, which extended until 31 March 2022.

The remaining restriction on winding up companies will not be extended further, allowing the insolvency regime to return to its pre-pandemic operation.

Business leaders are being advised to seek professional insolvency advice to protect their business.

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