CIGA Extension - Again

Corporate Insolvency and Governance Act 2020 regulations come into force on 26 March 2021 extending the duration of COVID-19 related temporary measures, including:

• restrictions on the use of statutory demands and winding up petitions extended to 30 June 2021
• temporary relaxation of liability for wrongful trading extended to 30 June 2021
• temporary provisions applying to moratoriums (ie certain COVID-19 relating relaxations to the moratorium procedure) extended to 30 September 2021
• temporary small supplier exemption from the restrictions on termination of supply contracts extended to 30 June 2021

The moratorium on landlord forfeiture has already been extended to 30 June 2021.