Changes to restrictions on winding up petitions from 1st October 2021:
It has been announced by the Government that from 1st October 2021, the restrictions on the use of winding up petitions imposed by the Corporate Insolvency and Governance Act 2020 (“CIGA”) will cease. CIGA made it very difficult for creditors to successfully petition for the winding up of a debtor company. Although the CIGA restrictions will end, they will be replaced by more lenient restrictions which will be in place from 1st October 2021 to 31st March 2022 under the [...]