We will cover:

• The impact of Covid-19 – temporary measures that have been put in place and the potential effect on the economy when they come to an end in September
• Restructuring plans, plans for survival, termination clauses, effects of Brexit and much more.
• Restrictions on statutory demands and winding up petitions
• The new moratorium to allow companies to develop a plan for survival
• The use of the Restructuring plan
• Restrictions on termination clauses
• Suspension of liability for wrongful trading
• The potential effects of Brexit
• An introduction to the Corporate Insolvency and Governance Act (CIGA) – why the UK is moving more towards a debtor friendly restructuring regime

Programme:

10.30 welcome and introductions by Gunnar Larsen, Managing Director DKUK

10:35 Presentation by Myles Jacobson and Brian Johnson, Turnaround & Recovery Partners, UHY Hacker Young, and Alison Goldthorp, Restructuring & Recovery Partner, Norton Rose Fulbright

11:15 Q&A

11:30 End of programme

UK Corporate Insolvency and Governance Act 2020 – assessing the potential impact of moving to a more debtor-friendly restructuring regime, temporary measures as a result of Covid-19, and a comparison with Denmark

Join us alongside fellow member company UHY Hacker Young for a webinar discussing the new Corporate Insolvency and Governance Act and the attempt to move to a more permanent debtor led restructuring regime in the UK, as well as temporary measures to protect companies in difficulty as a result of the pandemic. We will also briefly compare this with the current system in Denmark, and consider potential future cross-border implications following the UK’s exit from the EU.