Commercial Law | Qredible

Reassessing the balance between creditor and debtor interests

Posted on Thursday 6 August 2020

Corporate Insolvency and Governance Act By Melissa Rock (SBP Law) Background On 20 May 2020, the Government published the Corporate Insolvency and Governance Bill (the “Bill”) which, under the accelerated parliamentary process, received Royal Assent on 25 June 2020. Consequently, the Corporate Insolvency and Governance...

Commercial Law General Guest Blogs

Corporate Insolvency and Governance Bill 2020

Posted on Sunday 31 May 2020

What is Corporate Insolvency? A company is insolvent if it is unable to pay its debts as they fall due (cash-flow insolvency), or has liabilities which exceed its assets (balance–sheet insolvency). The Corporate Insolvency and Governance Bill 2020 These are challenging times for businesses and...