Practice Direction on Insolvency Proceedings
Practice Direction on Insolvency Proceedings

The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:

  • Practice Direction on Insolvency Proceedings
  • Coronavirus (COVID-19)
  • Brexit impact
  • PDIP latest version
  • Summary of the PDIP
  • Part One: general—PDIP, paras 1 to 7
  • Definitions—PDIP, para 1
  • Distribution of business—PDIP, para 3
  • Service of court documents—PDIP, para 5
  • Urgent applications—PDIP, para 7
  • More...

Coronavirus (COVID-19)

This content contains guidance on subjects impacted by the Coronavirus Act 2020 and related changes to court procedures and processes as a result of the coronavirus (COVID-19) pandemic, including the introduction of the Temporary Insolvency Practice Direction Supporting the Insolvency Practice Direction that came into force on 1 October 2020 (replacing the earlier version in force from 6 April 2020 until 1 October 2020) and the Insolvency Practice Direction relating to the Corporate Insolvency and Governance Act 2020 (CIGA 2020), which applies from 26 June 2020. For further information, see Practice Notes Coronavirus (COVID-19)—Changes to the court process in insolvency proceedings, The Temporary Insolvency Practice Direction Supporting the Insolvency Practice Direction (October 2020), and Corporate Insolvency and Governance Act 2020—overview.

For coronavirus related news, guidance and other resources to assist practitioners working on restructuring and insolvency matters, see: Coronavirus (COVID-19)—Restructuring & Insolvency—overview.

Brexit impact

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. References to exit day in many Brexit SIs are to be read as reference to IP completion day (Implementation Period completion day, defined in clause 39 as 31 December 2020 at 11.00 pm) (unless that provision is expressly disapplied by the SI

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