On 20 May 2020, the UK Government published its much anticipated draft legislation (the Corporate Insolvency and Governance Bill) which aims to provide greater opportunities for company survival and better returns for creditors during and after the COVID-19 emergency. The Government intends to ask Parliament to expedite progress of the Bill.

This short Podcast Series contains five episodes, with each focusing on one of the key reforms proposed. Available to listen to via the links below, it provides a quick and easy way to hear details on these key developments, which are also covered in a series of blog posts which can be accessed here.

Episode 1
Running time: 03:44
Wrongful Trading
Nicola Collins discusses the temporary changes to liability for wrongful trading, included in the Bill.

Episode 2
Running time: 04:31
Winding-Up Petitions
Amy Jacks discusses the temporary restrictions to winding-up petitions introduced in the Bill.

Episode 3
Running time: 09:01
Restructuring Plan for Companies in Financial Difficulty
Devi Shah discusses the new Restructuring Plan introduced by the Bill, including some of its interesting features which distinguish it from the existing regime relating to schemes of arrangement.

Episode 4
Running time: 09:54
Standalone Moratorium for Companies
Sheena Frazer discusses the new Standalone Moratorium introduced by the Bill.

Episode 5
Running time: 05:42
The Exercise of Contractual Termination Provisions
Amy Halsall discusses the proposed changes to restrict a supplier's ability to exercise contractual termination rights on insolvency, introduced by the Bill.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.