Moratorium – CIGA 2020

Introduction Effective from 26 June 2020, the Corporate Insolvency and Governance Act 2020 has introduced a new standalone moratorium on debts. This effectively introduces a mechanism for companies to obtain a statutory payment holiday in respect of various commercial creditors. What is the aim of the new moratorium? Many companies are currently experiencing severe cash … Continue reading Moratorium – CIGA 2020