The Corporate Insolvency and Governance Act (“the act”) contained important changes to corporate insolvency law, which helped companies through the Covid-19 Pandemic.

The Act was set to last until 28 September, however some of the measures the Act put in place were extended and these are:

Statutory Demands – extended until 31 December 2020

Ipso Facto (termination) clauses – extended until 30 March 2021

Company moratorium – extended until 30 March 2021

Annual General Meetings – extened untiol 30 December 2020

The measures that have not been extended are:

In moratoriums, the modification tat relaxes the assessment criteria used by the monitor to determine that the company is likely to be rescued in order to enter a moratorium – or for a moratorium to continue

The suspension of wrongful trading