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Who is the noteholder and who is the creditor

Introduction

Towards the end of 2020, while businesses were reeling from the challenges of grappling with a global pandemic, the end of the Brexit transition period and LIBOR transition, the Law Commission published a paper analysing the current law underlying intermediated securities - Intermediated securities: who owns your shares? A Scoping Paper.

European Union, France, United Kingdom, Company & Commercial, Insolvency & Restructuring, Public, Stephenson Harwood LLP, Brexit, Libor
A Practical Guide to the Corporate Insolvency and Governance Act 2020

The Corporate Insolvency and Governance Act 2020 (Act) received Royal Assent on 25 June 2020. The majority of its provisions commenced on 26 June 2020, with the exception of the temporary measures which have retrospective effect from 1 March 2020.

1. TEMPORARY PROVISIONS

WHAT HAS CHANGED?

United Kingdom, Insolvency & Restructuring, Addleshaw Goddard LLP, Coronavirus
Corporate Insolvency and Governance Bill 2020

Key insolvency provisions: a practical guide to what has changed and why

TEMPORARY PROVISIONS

1. SUSPENSION OF WRONGFUL TRADING PROVISIONS

What's changed?

United Kingdom, Insolvency & Restructuring, Addleshaw Goddard LLP, Coronavirus