Monday 21 June 2021

UK: The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021

The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) (No. 2) Regulations 2021 were laid before Parliament today and come into force tomorrow: see here or here (pdf). The accompanying explanatory memorandum - available here (pdf) - explains the Regulations' purpose as follows: "... to extend the duration of the temporary measures restricting the use of statutory demands and winding up petitions introduced by the Corporate Insolvency and Governance Act 2020 (c. 12) ... beyond their current expiration date of 30 June 2021 ... to 30 September 2021".

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