Home / Restructuring & Insolvency / Directors and insolvency / Directors' duties

Legal News

Corporate Insolvency and Governance Act 2020—temporary changes to the wrongful trading regime revived until 30 April 2021

Copyright © 2025 LexisNexis
Published on: 26 November 2020
Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

  • What has changed with wrongful trading?
  • Why did the wrongful trading regime need amending?
  • The original temporary suspension
  • Revival of the temporary provisions
  • What are the practical implications for directors?

Article summary

Restructuring & Insolvency analysis: This News Analysis looks at the revival of temporary changes to the wrongful trading regime from 26 November 2020 until 30 April 2021.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Related documents:

1 Checklists
4 News
View More
1 Practice notes
6 Q&As
View More
Powered by Lexis+®

Related documents:

1 Checklists
4 News
View More
1 Practice notes
6 Q&As
View More

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Template for regulatory references given by SMCR firms and disclosure requirements

Template for regulatory references given by SMCR firms and disclosure requirements[Insert addressee details]Dear [insert name][It is our understanding that [insert name of prospective employee] [was an employee of yours between the dates of [insert dates as appropriate] OR is a current employee of