The moratorium under IA 1986, Pt A1 The Corporate Insolvency and Governance Act 2020 (CIGA 2020) made a number of significant changes to insolvency law, including introducing a new standalone moratorium. The moratorium is an insolvency process whereby directors of insolvent companies and designated members of insolvent limited liability partnerships (LLPs), and those that are likely to become insolvent, can obtain a 20 business day moratorium period. This process, which is found at the Insolvency Act 1986, s A1 (IA 1986) and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 1A.1, is designed to allow viable businesses time to restructure or seek new investment free from creditor action. An insolvency practitioner acts as the ‘monitor’. The members remain in charge of running the business on a day-to-day basis (known as a ‘debtor-in-possession’ process with the LLP being the ‘debtor’) subject to certain constraints. The intention behind the moratorium process is to provide a streamlined procedure that keeps administrative burdens to a minimum, makes the process