New Legislation to Relieve Burden on Businesses Facing Insolvency

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The UK Government has introduced the Corporate Governance and Insolvency Bill in Parliament, which will put in place a series of measures to amend insolvency and company law to support business to address the challenges resulting from the impact of COVID-19. 

Six insolvency measures will provide vital support to businesses to help through this period of instability 

Two corporate governance measures will introduce temporary easements and flexibility to businesses where they are coping with reduced resources and restrictions. 

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Posted on: Wednesday 27th May 2020