Extension of Restrictions on Statutory Demands, Winding Up and Forfeiture to 31 March 2021
By EsqSocial Corporation 10/12/20
On 9 December 2020 the government announced that the current temporary restrictions on statutory demands and winding-up petitions put in place under the Corporate Insolvency and Governance Act 2020 (“CIGA”), and the prohibition on commercial landlords’ right of re-entry or forfeiture for non-payment of rent under the Coronavirus Act 2020 will be extended until 31 March 2021, meaning landlords and other creditors will be prevented from exercising such rights until 1 April 2021....
By: Weil, Gotshal & Manges LLP