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Restrictions on winding up petitions extended – but personal liability for wrongful trading set to return

24 Sep 2020
While announcements have been made, and measures extended, to help corporate Britain, directors faced with the difficult decision of whether to trade on through the crisis could suddenly very exposed once again. As previously discussed, the Corporate Insolvency and Governance Act 2020 (CIGA), introduced a number of temporary measures to seek to avoid an avalanche of insolvencies during the coronavirus crisis.

Jobs Support Scheme announced – further help for employers

24 Sep 2020
Earlier today (24 September), the Chancellor made a statement in the House of Commons regarding a new Jobs Support Scheme, which forms part of his wider Winter Economy Plan. Designed to protect viable jobs as we move into the difficult winter period, the scheme will mainly assist SMEs. Unlike its predecessor - the Coronavirus Job Retention Scheme – this scheme comes with several conditions.