Corporate Insolvency and Governance Act 2020
Corporate Insolvency and Governance Act 2020 (2020 c. 12)
- Corporate Insolvency and Governance Act 2020 (2020 c. 12)
- Moratorium
- 1 Moratoriums in Great Britain
- 2 Moratoriums in Great Britain: further amendments and transition
- 3 Moratoriums in Great Britain: temporary modifications
- 4 Moratoriums in Northern Ireland
- 5 Moratoriums in Northern Ireland: further amendments and transition
- 6 Moratoriums in Northern Ireland: temporary modifications
- Arrangements and reconstructions for companies in financial difficulty
- 7 Arrangements and reconstructions for companies in financial difficulty
- Administration: sales to connected persons
- 8 Administration in Great Britain: sales to connected persons
- 9 Administration in Northern Ireland: sales to connected persons
- Winding-up petitions
- 10 Winding-up petitions: Great Britain
- 11 Winding-up petitions: Northern Ireland
- Wrongful trading
- 12 Suspension of liability for wrongful trading: Great Britain
- 13 Suspension of liability for wrongful trading: Northern Ireland
- Termination clauses in supply contracts
- 14 Protection of supplies of goods and services: Great Britain
- 15 Temporary exclusion for small suppliers: Great Britain
- 16 Protection of supplies of electricity, gas, water, etc: Northern Ireland
- 17 Further protection of essential supplies: Northern Ireland
- 18 Protection of supplies of goods and services: Northern Ireland
- 19 Temporary exclusion for small suppliers: Northern Ireland
- Power to amend corporate insolvency or governance legislation: Great Britain
- 20 Regulations to amend legislation: Great Britain
- 21 Purposes
- 22 Restrictions
- 23 Time-limited effect
- 24 Expiry
- 25 Consequential provision etc
- 26 Procedure for regulations
- 27 Interpretation
- Power to amend corporate insolvency or governance legislation: Northern Ireland
- 28 Regulations to amend legislation: Northern Ireland
- 29 Purposes
- 30 Restrictions
- 31 Time-limited effect
- 32 Expiry
- 33 Consequential provision etc
- 34 Procedure for regulations made by the Department
- 35 Procedure for regulations made by the Secretary of State
- 36 Interpretation
- Meetings and filings
- 37 Meetings of companies and other bodies
- 38 Temporary extension of period for public company to file accounts
- 39 Temporary power to extend periods for providing information to registrar
- 40 Section 39: the listed provisions
- Powers to change periods
- 41 Power to change duration of temporary provisions: Great Britain
- 42 Power to change duration of temporary provisions: Northern Ireland
- Implementation of insolvency measures
- 43 Modified procedure for regulations of the Secretary of State
- 44 Modified procedure for regulations of the Welsh Ministers
- 45 Modified procedure for regulations of the Scottish Ministers
- 46 Modified procedure for regulations of Northern Ireland departments
- General
- 47 Power to make consequential provision
- 48 Extent
- 49 Commencement
- 50 Short title
- SCHEDULES
- SCHEDULE 1 Moratoriums in Great Britain: eligible companies
- SCHEDULE 2 Moratoriums in Great Britain: contracts involving financial services
- SCHEDULE 3 Moratoriums in Great Britain: further amendments
- Insolvency Act 1986
- Building Societies Act 1986
- The Financial Markets and Insolvency (Settlement Finality) Regulations 1999
- Limited Liability Partnerships Act 2000
- The Limited Liability Partnerships Regulations 2001
- The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
- The Financial Collateral Arrangements (No.2) Regulations 2003
- The Insolvency Practitioners Regulations 2005
- Banking Act 2009
- Charities Act 2011
- The Investment Bank Special Administration Regulations 2011
- The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012
- Co-operative and Community Benefit Societies Act 2014
- The Co-operative and Community Benefit Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014 (S.I. 2014/229)
- The International Interests in Aircraft Equipment (Cape Town Convention) Regulations 2015
- SCHEDULE 4 Moratoriums in Great Britain: temporary provision
- PART 1 “Relevant period” and powers to turn off temporary provision
- “Relevant period”
- Power to turn off particular provisions of Part 2 of this Schedule early
- Power to turn off provisions of Parts 3 and 4 of this Schedule early etc
- PART 2 Modifications to primary legislation
- “Eligible” company: additional exclusion
- Relaxation of conditions for obtaining moratorium etc
- Relaxation of conditions for extending moratorium obtained during relevant period
- Monitoring of moratorium obtained during relevant period
- Termination of moratorium obtained during relevant period
- “Coronavirus”
- PART 3 Temporary rules: England and Wales
- Introductory
- Definition of “the court”
- Content of documents relating to the obtaining or extending of a moratorium: general
- Authentication of documents relating to obtaining or extending moratorium: general
- Notice that directors wish to obtain a moratorium
- Proposed monitor's statement and consent to act
- Timing of statements for obtaining moratorium
- Notice by monitor where moratorium comes into force
- Notice that directors wish to extend a moratorium
- Extension under section A10 or A11 of the Insolvency Act 1986: notices and statements
- Timing of statements for extension under section A10 or A11
- Obtaining creditor consent: qualifying decision procedure
- Content of application to the court for extension of moratorium
- Timing of statements accompanying application to court for extension of moratorium
- Notices about change in end of moratorium
- Notification by directors of insolvency proceedings etc
- Notice of termination of moratorium
- Termination of moratorium under section A38(1)(d) of the Insolvency Act 1986
- Replacement of monitor or additional monitor: statement and consent to act
- Replacement of monitor or additional monitor: notification
- Challenge to monitor's remuneration
- Challenge to directors' actions: qualifying decision procedure
- Priority of moratorium debts etc in subsequent winding up
- Priority of moratorium debts etc in subsequent administration
- Prescribed format of documents
- Delivery of documents
- Applications to court
- Identification details for a company
- Contact details of a monitor or other office-holder
- “The England and Wales Insolvency Rules”
- Interpretation: general
- PART 4 Temporary rules: Scotland
- Introductory
- Definition of “the court”
- Content of documents relating to the obtaining or extending of a moratorium: general
- Authentication of documents relating to obtaining or extending moratorium: general
- Notice that directors wish to obtain a moratorium
- Proposed monitor's statement and consent to act
- Timing of statements for obtaining moratorium
- Notice by monitor where moratorium comes into force
- Notice that directors wish to extend a moratorium
- Extension under section A10 or A11 of the Insolvency Act 1986: notices and statements
- Timing of statements for extension under section A10 or A11
- Obtaining creditor consent: qualifying decision procedure
- Content of application to the court for extension of moratorium
- Timing of statements accompanying application to court for extension of moratorium
- Notices about change in end of moratorium
- Notification by directors of insolvency proceedings etc
- Notice of termination of moratorium
- Termination of moratorium under section A38(1)(d) of the Insolvency Act 1986
- Replacement of monitor or additional monitor: statement and consent to act
- Replacement of monitor or additional monitor: notification
- Challenge to monitor's remuneration
- Challenge to directors' actions: qualifying decision procedure
- Priority of moratorium debts etc in subsequent winding up
- Priority of moratorium debts etc in subsequent administration
- Prescribed format of documents
- Delivery of documents
- Identification details for a company
- Contact details of a monitor or other office-holder
- “The Scottish Insolvency Rules”
- Interpretation: general
- PART 5 Entities other than companies
- SCHEDULE 5 Moratoriums in Northern Ireland: eligible companies
- SCHEDULE 6 Moratoriums in Northern Ireland: contracts involving financial services
- SCHEDULE 7 Moratoriums in Northern Ireland: further amendments
- The Insolvency (Northern Ireland) Order 1989
- Building Societies Act 1986
- Limited Liability Partnerships Act 2000
- The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
- The Insolvency Practitioners Regulations (Northern Ireland) 2006
- Insolvency (Northern Ireland) Order 2002 (S.I. 2002/3152 (N.I. 6))
- Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10))
- Insolvency (Amendment) Act (Northern Ireland) 2016
- SCHEDULE 8 Moratoriums in Northern Ireland: temporary provision
- PART 1 “Relevant period” and powers to turn off temporary provision
- “Relevant period”
- Power to turn off particular provisions of Part 2 of this Schedule early
- Power to turn off provisions of Part 3 of this Schedule early etc
- PART 2 Modifications to primary legislation
- “Eligible” company: additional exclusion
- Relaxation of conditions for obtaining moratorium etc
- Relaxation of conditions for extending moratorium obtained during relevant period
- Monitoring of moratorium obtained during relevant period
- Termination of moratorium obtained during relevant period
- “Coronavirus”
- PART 3 Temporary rules
- Introductory
- Content of documents relating to the obtaining or extending of a moratorium: general
- Authentication of documents relating to obtaining or extending moratorium: general
- Notice that directors wish to obtain a moratorium
- Proposed monitor's statement and consent to act
- Timing of statements for obtaining moratorium
- Notice by monitor where moratorium comes into force
- Notice that directors wish to extend a moratorium
- Extension under Article 13CA or 13CB of the Insolvency (Northern Ireland) Order 1989: notices and statements
- Timing of statements for extension under Article 13CA or 13CB
- Obtaining creditor consent at meeting
- Content of application to the High Court for extension of moratorium
- Timing of statements accompanying application to High Court for extension of moratorium
- Notices about change in end of moratorium
- Notification by directors of insolvency proceedings etc
- Notice of termination of moratorium
- Termination of moratorium under Article 13ED(1)(d) of the Insolvency (Northern Ireland) Order 1989
- Replacement of monitor or additional monitor: statement and consent to act
- Replacement of monitor or additional monitor: notification
- Challenge to monitor's remuneration
- Challenge to directors' actions: meeting
- Priority of moratorium debts etc in subsequent winding up
- Priority of moratorium debts etc in subsequent administration
- Prescribed format of documents
- Authentication of applications, notices and statements
- Modifications to the Insolvency Rules
- Identification details for a company
- Contact details of a monitor or other office-holder
- “The Insolvency Rules”
- Interpretation: general
- PART 4 Entities other than companies
- SCHEDULE 9 Arrangements and reconstructions for companies in financial difficulty
- PART 1 Main provisions
- PART 2 Consequential amendments
- Finance Act 1986
- Insolvency Act 1986
- Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19))
- Water Industry Act 1991
- Taxation of Chargeable Gains Act 1992
- Value Added Tax Act 1994
- Housing Act 1996
- Financial Services and Markets Act 2000
- Limited Liability Partnerships Act 2000
- Enterprise Act 2002
- Income Tax (Earnings and Pensions) Act 2003
- Energy Act 2004
- Income Tax (Trading and Other Income) Act 2005
- Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10))
- Companies Act 2006
- Housing and Regeneration Act 2008
- Corporation Tax Act 2009
- Corporation Tax Act 2010
- Third Parties (Rights against Insurers) Act 2010
- Housing (Scotland) Act 2010 (asp 17)
- Financial Services (Banking Reform) Act 2013
- Co-operative and Community Benefit Societies Act 2014
- Mutuals' Deferred Shares Act 2015
- SCHEDULE 10 Restriction on Winding-Up Petitions: Great Britain
- Restriction on winding-up petitions
- Modification of Insolvency Rules and Rules of Court
- Interpretation
- General
- SCHEDULE 11 RESTRICTION ON WINDING-UP PETITIONS: NORTHERN IRELAND
- Restriction on winding-up petitions
- Modification of Insolvency Rules
- Interpretation
- General
- SCHEDULE 12 Protection of supplies of goods and services: Great Britain
- PART 1 Exclusions
- PART 2 Consequential amendments
- Amendments to Acts
- Amendments to subordinate legislation
- SCHEDULE 13 Protection of supplies of goods and services: Northern Ireland
- PART 1 Exclusions
- PART 2 Consequential amendments
- Amendments to Acts
- Amendment to subordinate legislation
- SCHEDULE 14 Meetings of companies and other bodies
- Meaning of “qualifying body”
- Meaning of “relevant period”
- Meetings of qualifying bodies held during the relevant period
- Meetings of qualifying bodies held during the relevant period: power to make further provision
- Extension of period for qualifying body to hold annual general meeting
- Power to extend period for qualifying body to hold annual general meeting
- Regulations made by the Secretary of State or the Treasury
- Regulations made by the Scottish Ministers
- Regulations made by the Department for the Economy in Northern Ireland
- Other interpretation
Feedback