Of interest to those responsible for arranging meetings of companies and other organisations
On 1 June, the government published fact sheets providing an explanation of each of the measures in the Corporate Insolvency and Governance Bill 2020.
There are 10 fact sheets covering the following subjects:
- Overview of the Bill
- Moratorium
- Restructuring plan
- Prohibition of termination clauses
- Suspension of wrongful trading liability
- Statutory demands and winding-up notices
- Annual General Meetings and other general meetings
- Companies House filings
- Financial services exclusions
- Retrospective provisions
The fact sheets can be found at: https://www.gov.uk/government/publications/corporate-insolvency-and-governance-bill-2020-factsheets
The Bill passed all three stages in the House of Commons on 3 June and its second reading in the House of Lords on 9 June with no material amendments, but will now enter the Lords’ Committee stage.
