On 26 June 2020, the Corporate Insolvency and Governance Act (the “CIGA”) entered into force. We summarised the key terms of the proposed legislation in our previous client alert.
The CIGA introduces some very significant reforms to the restructuring and insolvency framework in the UK, intended to deal with the near term-issues caused by the economic consequences of the COVID-19 pandemic and also overhaul the wider legislative framework.
