The latest COVID-19 contingency arrangements for the restructuring and insolvency profession.
New Temporary Insolvency Practice Direction (6 October 2021)
This Insolvency Practice Direction is intended to retain those parts of the previous Temporary Practice Direction that were not concerned with workable solutions for court users during the COVID-19 pandemic, which came to an end on 30 September 2021. View
This Insolvency Practice Direction is intended to retain those parts of the previous Temporary Practice Direction that were not concerned with workable solutions for court users during the COVID-19 pandemic, which came to an end on 30 September 2021. View
Temporary Insolvency Practice Direction EXTENDED (June 2021)
Lord Wolfson, Parliamentary Under Secretary of State at the Ministry of Justice, has approved and signed a temporary Insolvency Practice Direction (TIPD) on behalf of the Lord Chancellor. The TIPD comes into force on 30 June 2021. View
Lord Wolfson, Parliamentary Under Secretary of State at the Ministry of Justice, has approved and signed a temporary Insolvency Practice Direction (TIPD) on behalf of the Lord Chancellor. The TIPD comes into force on 30 June 2021. View
Temporary Insolvency Practice Direction EXTENDED (March 2021)
Lord Wolfson, Parliamentary Under Secretary of State at the Ministry of Justice, has approved and signed a temporary Insolvency Practice Direction (TIPD) on behalf of the Lord Chancellor. The TIPD comes into force on 1 April 2021. View
Lord Wolfson, Parliamentary Under Secretary of State at the Ministry of Justice, has approved and signed a temporary Insolvency Practice Direction (TIPD) on behalf of the Lord Chancellor. The TIPD comes into force on 1 April 2021. View
Courts and tribunals: update following the prime minister’s announcement (January 2021)
...“no participant in legal proceedings should be required by a judge or a magistrate to attend court unless it is necessary in the interests of justice. Facilitating remote attendance of all or some of those involved in hearings is the default position in all jurisdictions, whether backed by regulations or not”. View
...“no participant in legal proceedings should be required by a judge or a magistrate to attend court unless it is necessary in the interests of justice. Facilitating remote attendance of all or some of those involved in hearings is the default position in all jurisdictions, whether backed by regulations or not”. View
HMRC - COVID 19 Support (CJRS reminder) (8 December 2020)
"There are now monthly deadlines for claims. Claims must be submitted within 14 calendar days after the month they relate to, unless this falls on a weekend in which case the deadline is the next weekday. We'll continue to send you reminder emails before the deadline each month." View
"There are now monthly deadlines for claims. Claims must be submitted within 14 calendar days after the month they relate to, unless this falls on a weekend in which case the deadline is the next weekday. We'll continue to send you reminder emails before the deadline each month." View
SCOTLAND - Guidance issued by The Society of Messengers at Arms & Sheriff Officers (November 2020)
A guidance document has been issued outlining restrictions to the services of Sheriff Officers within the five tiers of protection levels aligned to the Scottish Government’s Covid-19 guidelines. This new system has been sanctioned by the Directorate for Justice within the Scottish Government’s Civil Law and Legal System Division and it is expected that all sheriff officers should conform. View
A guidance document has been issued outlining restrictions to the services of Sheriff Officers within the five tiers of protection levels aligned to the Scottish Government’s Covid-19 guidelines. This new system has been sanctioned by the Directorate for Justice within the Scottish Government’s Civil Law and Legal System Division and it is expected that all sheriff officers should conform. View
HMRC - Coronavirus Job Retention Scheme (EXTENDED) (2 November 2020)
The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31 October, will now be extended, with the UK government paying 80% of wages for the hours furloughed employees do not work, up to a cap of £2,500 for periods from 1 November. View
The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31 October, will now be extended, with the UK government paying 80% of wages for the hours furloughed employees do not work, up to a cap of £2,500 for periods from 1 November. View
Message from the Lord Chief Justice and Senior President of Tribunals: new COVID-19 restrictions for England (1 November 2020)
The Lord Chief Justice and the Senior Presidents of Tribunals have confirmed that the work of the courts and tribunals will be exempt from these measures. View
The Lord Chief Justice and the Senior Presidents of Tribunals have confirmed that the work of the courts and tribunals will be exempt from these measures. View
Insolvency Service - Guidance: Furlough and redundancy (27 October 2020)
The guidance has been updated and is for individuals who were furloughed using the Coronavirus Job Retention Scheme (CJRS), then made redundant because their employer is now insolvent. The CJRS ends on 31 October. The Insolvency Service will be providing further information with regard to the Job Support Scheme, which commences on on 1 November 2020, in due course. View
The guidance has been updated and is for individuals who were furloughed using the Coronavirus Job Retention Scheme (CJRS), then made redundant because their employer is now insolvent. The CJRS ends on 31 October. The Insolvency Service will be providing further information with regard to the Job Support Scheme, which commences on on 1 November 2020, in due course. View
HMRC - Job Support Scheme (October 2020)
HMRC ha ve published further information on the Job Support Scheme – including how you can check if you’re eligible and when you can make your first claim. View
HMRC ha ve published further information on the Job Support Scheme – including how you can check if you’re eligible and when you can make your first claim. View
HMRC - Employer Bulletin, issue 86 (October 2020)
The issue provides the latest information on the Coronavirus Job Retention Scheme, an update on the Job Retention Bonus and information regarding recent government announcements including the Job Support Scheme, extension to the reduction of VAT for Hospitality and Tourism, and the VAT Deferral New Payment Scheme. View
The issue provides the latest information on the Coronavirus Job Retention Scheme, an update on the Job Retention Bonus and information regarding recent government announcements including the Job Support Scheme, extension to the reduction of VAT for Hospitality and Tourism, and the VAT Deferral New Payment Scheme. View
The Insolvency Service - Reinstatement of Insolvency Service account cheque payment production (September 2020)
The Insolvency Service are now reopening their offices and with immediate effect will be accepting requests for cheque payments. View
The Insolvency Service are now reopening their offices and with immediate effect will be accepting requests for cheque payments. View
Protocol for Insolvency and Company work at Central London (1 September 2020)
The Courts and Tribunals Judiciary has published a new protocol, which applies from 7 September 2020 and replaces the previous protocol dated 24 March 2020. View
The Courts and Tribunals Judiciary has published a new protocol, which applies from 7 September 2020 and replaces the previous protocol dated 24 March 2020. View
The Civil Procedure (Amendment No. 5) (Coronavirus) Rules 2020
Possession proceedings and enforcement proceedings by way of writ and warrant for possession are stayed until 23rd August 2020. This amendment extends the stay imposed by this temporary rule until 20th September 2020. View
Possession proceedings and enforcement proceedings by way of writ and warrant for possession are stayed until 23rd August 2020. This amendment extends the stay imposed by this temporary rule until 20th September 2020. View
Companies House - Resuming compulsory strike-off (non-compliant route)
View
View
HM Land Registry - Electronic signatures
HM Land Registry has confirmed that it will now start accepting electronic signatures – paving the way for the entire conveyancing process to be conducted electronically. View
HM Land Registry has confirmed that it will now start accepting electronic signatures – paving the way for the entire conveyancing process to be conducted electronically. View
HMRC - The introduction of the Job Retention Bonus.
The Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. View
The Chancellor announced the introduction of the Job Retention Bonus. This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees. View
Loan Market Association - Note on Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Intercreditor Considerations
"This Note provides an overview of the Coronavirus Large Business Interruption Loan Scheme ("CLBILS") launched on 20 April 2020 and outlines for consideration some potential intercreditor issues where a loan provided under the CLBILS forms part of the financing structure. Certain changes were made to the scheme with effect from 26 May 2020, including increasing the maximum amount available to prospective borrowers from £50 million to £200 million." View
"This Note provides an overview of the Coronavirus Large Business Interruption Loan Scheme ("CLBILS") launched on 20 April 2020 and outlines for consideration some potential intercreditor issues where a loan provided under the CLBILS forms part of the financing structure. Certain changes were made to the scheme with effect from 26 May 2020, including increasing the maximum amount available to prospective borrowers from £50 million to £200 million." View
SCOTLAND - Route Map - Resumption of Messengers-at-Arms and Sheriff officer Services
Phase two of a Sheriff Officer Route Map has been published. The route map shows the resumption of additional services that includes serving charges for payment and for removing at domestic premises. View
Phase two of a Sheriff Officer Route Map has been published. The route map shows the resumption of additional services that includes serving charges for payment and for removing at domestic premises. View
HMRC - Insolvency Bulletin. Voluntary Arrangements
This note explains HMRC’s approach to variations and new proposals in respect of Individual Voluntary Arrangements (IVAs), Partnership Voluntary Arrangements (PVAs) and Company Voluntary Arrangements (CVAs) from 1 July 2020 until 30 November 2020. View
This note explains HMRC’s approach to variations and new proposals in respect of Individual Voluntary Arrangements (IVAs), Partnership Voluntary Arrangements (PVAs) and Company Voluntary Arrangements (CVAs) from 1 July 2020 until 30 November 2020. View
Further Information & Articles
- R3 Standard Form COVID 19 CVA Proposal
- Bounce Back Loans: FAQs for the Insolvency Profession
- Creditor Guides
- AML
- Dealing with corporate financial distress
- Dealing with money worries – a guide to your options
- Directors
- Employees
- Ethics
- Fees
- GDPR
- Helpsheets
- HMRC
- Insolvency Service
- Pensions
- Standard Conditions - IVA
- Standard IVA Protocol
- Further guidance
Find INSOLVENCY & RESTRUCTURING ADVICE
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.
