The ‘Corporate Insolvency and Governance Bill’ (‘CIGB’) has now been published by the government in order to provide further support to businesses through the economic impact of COVID-19. The CIGB has been fast tracked “to give companies breathing space and keep trading while they explore options for rescue.” The CIGB sees a number of additions to the UK’s corporate and insolvency framework. Parts of the new legislation include temporary measures specific to the effects Covid-19 is having on businesses, whilst other elements of the bill include long term tools.

Source: R3

T H Financial Recovery work with both individuals and businesses in financial difficulty.  If your business is facing problems and you need advice on the options available, such as new funding, business restructuring or help with insolvency, we can help.

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