Legislation
Regulations

 
Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No. 2) Regulations 2021
Amendments to “SCHEDULE 10 Section 10 RESTRICTION ON WINDING-UP PETITIONS: GREAT BRITAIN"
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The Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021
The Regulations came into effect from 30 April 2021 and impose requirements in relation to the disposal, hiring out or sale of a company’s property by an administrator of that company to a connected person. The requirements only apply in the first 8 weeks of administration, and where the disposal, hiring out or sale involves all or a substantial part of the company’s business or assets. This could involve one or more transactions.
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The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021
These Regulations extend the period within which liability is suspended under wrongful trading provisions in the Insolvency Act 1986 ; and extend the period within which certain temporary provisions in the Corporate Insolvency and Governance Act 2020 are to have effect.
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Pre-pack sales in administration report (8 OCTOBER 2020)
On 8 October 2020, the Government published its report on the findings and recommendations following a review to assess the impact of voluntary industry measures introduced in November 2015 to improve the transparency of pre-pack sales in administration. A number of regulations are to be introduced.
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The Coronavirus (Scotland) Acts (Early Expiry of Provisions) Regulations 2020
The purpose of these regulations is to amend the expiry date of Part 1 of the Coronavirus (Scotland) Act 2020 and Part 1 of the Coronavirus (Scotland) (No.2) Act 2020 from 30 September 2020 to 31 March 2021.
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