The current lockdown and social distancing measures introduced as a result of the coronavirus pandemic mean that courts are having to adjust to more flexible ways of operating, assisted by greater use of video and teleconferencing technology. Guidance of how this will work in practice for insolvency proceedings has been issued via the Temporary Insolvency Practice Direction. These directions will be in force from 6 April to 1 October (unless it is amended or revoked by another insolvency practice direction in the meantime) and apply to all insolvency hearings in the Business and Property Courts. Hearings outside London will be subject to variations as directed by the supervising judge.
The Corporate Insolvency and Governance Bill 2020 (CIGB) is expected to be enacted at the end of June or early July and in addition to the permanent introduction of the new restructuring regime, moratorium procedure and the restriction on termination clauses in supply contracts.
Much has been written and discussed about the Corporate Insolvency and Governance Bill 2020 since its publication in May 2020 and its passage through Parliament at break neck speed.
On 24 September 2020 the government announced an extension to the temporary provisions contained within the Corporate Insolvency and Governance Act 2020 (CIGA 2020).
Against the background of a deepening health and economic crisis, there was surprise and criticism as the Government pressed ahead with the second reading of the Immigration and Social Security Co-ordination (EU Withdrawal) Bill this week.
Philip Harris, Partner and Commercial Arbitrator at leading Midlands law firm Wright Hassall, has been called upon to support a world-leading institution that is dedicated to resolving international commercial disputes.
Caroline Benfield and Elizabeth Taylor from our insolvency team discuss the measures to assist business trade through Covid-19 pandemic
The 4th July is upon us, and with it, the country’s “end of hibernation” in the words of Boris Johnson. For many of us, this also means finally being able to return to our favourite pubs, bars and restaurants for a drink which, after the last three months, it is safe to say has been well and truly earned.
Since the announcement that Universities in England and Wales could increase their tuition fees by 200% from £3000 to £9000, there has been a significant increase in complaints to the Office of the Independent Adjudicator for Higher Education (OIA).
Although this pandemic has created a situation none of us will ever have encountered, let alone dealt with, we will continue to support all our clients, contacts and our local community throughout, and beyond, this crisis.