UK government’s new Corporate Insolvency and Governance Bill – implications for the aviation industry

On 20 May 2020, the Corporate Insolvency and Governance Bill had its first reading in the House of Commons. This is the bill that enacts many of the measures referenced in the government’s announcements earlier this year. Alongside some temporary Covid-19 response measures, the Bill introduces several permanent changes that will have a significant impact on the range of options available to creditors and debtors in distressed situations.

A summary of the core elements of the Bill can be found in our Client Alert here. In this note, we summarise some aspects of the Bill which will have specific ramifications for the aviation industry.

To read the full client alert, UK government's new Corporate Insolvency and Governance Bill - implications for the aviation industry, please click here.

For additional insights into the business and legal implications of the COVID-19 pandemic, please visit our Knowledge Center.