Articles by ‘Freya Still’

On 11 July 2023 the Cabinet Office published the UK Government’s first full Annual Report on the application of the NSIA for the period 1 April 2022 to 31 March 2023 (“Report”), having previously…

In the recent case of Asher v Jaywing Plc [2022] EWHC 893 (Ch) the sellers bought a claim against the buyer for breach of contract relating to earn-out provisions in the share purchase agreement…

In an effort to assist distressed companies during the ongoing Coronavirus pandemic, Wrongful Trading actions were temporarily suspended from March 2020 under section 12 of the Corporate Insolvency and Governance Act 2020 (CIGA) until 30 September 2020.

China has become the first nation to develop and launch a central bank digital currency, with the Digital Currency Electronic Payment (DCEP) being rolled out across major e-commerce platforms within the country, including the multinational corporation Alibaba Group Holding Limited.

Following their boom in 2017 and subsequent dip in popularity, the widespread use (and perception, to some extent) of digital currencies has stabilised in recent years. They are now expected to play an increasingly important role within mainstream financial services in the years to come.

The bill has now completed its journey and obtained Royal Assent, becoming legislation in the form of the Corporate Insolvency and Governance Act 2020 (CIGA 2020) (“the Act”).

Next up in our series of blogs focusing on the provisions introduced by the Corporate Governance and Insolvency Bill, we turn our attention to managing commercial contracts during temporary company moratorium and insolvency situations.

With the recently announced Corporate Governance and Insolvency Bill introducing a temporary suspension of wrongful trading actions, our Corporate team outline other potential claims that may be brought against directors of an insolvent company.

A new Corporate Governance and Insolvency Bill prepared by the Department for Business, Energy and Industrial Strategy (BEIS), was put before Parliament on Wednesday 20 May, with a key focus on offering some reprieve to companies that find themselves in trouble in the midst of the Covid-19 pandemic.