On 3 June 2020, the Corporate Insolvency and Governance Bill was debated by the Committee of the Whole House of Commons. This follows on from the first reading in the House of Commons on 20 May 2020. This is the bill which enacts many of the measures referenced in the government’s announcements earlier this year. Alongside some temporary COVID-19 response measures, the Bill had introduced a number of intended changes which, if enacted, would have had a significant impact on the range of options available to creditors and debtors in distressed situations in particular with regards to the aviation industry which we summarised in our Client Alert here.
In this note, we summarise certain amendments to the Bill which have now been made and are of specific relevance to the aviation industry.
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