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Corporate Insolvency and Governance Act 2020—wrongful trading (Scotland)

Corporate Insolvency and Governance Act 2020—wrongful trading (Scotland)
Published on: 30 June 2020
Published by: LexisPSL
  • Corporate Insolvency and Governance Act 2020—wrongful trading (Scotland)
  • Territorial extent, effective date and period of operation
  • Wrongful Trading
  • What has changed?
  • Objective
  • Exclusions
  • What hasn’t changed?
  • Comment
  • Further information

Article summary

Restructuring and Insolvency analysis: Steven Wood, insolvency practice support specialist at ICAS provides analysis on the recently introduced Corporate Insolvency and Governance Act 2020 (CIGA 2020). In this article Steven Wood comments specifically on the impact of this new legislation on situations where a company continues to incur losses despite its directors knowing that it will become insolvent (ie wrongful trading). or take a trial to read the full analysis.

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