D&O insurance: changes to UK Insolvency Law in response to COVID-19

On Saturday (28 March 2020) the UK Government announced certain changes to insolvency laws in response to COVID-19, intended to help companies and directors.

There are two aspects to the changes:

  1. Retrospective suspension or relaxation of wrongful trading

  2. New restructuring procedure and new temporary moratorium

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Insurance, CMS Cameron McKenna Nabarro Olswang LLP, Coronavirus
Authors:
Tristan Hall , Chris Bradshaw , Andrew Milne , Matthew Freeley
Location:
United Kingdom
Firm:
CMS Cameron McKenna Nabarro Olswang LLP