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Lighting up the CIGA!
The Corporate Insolvency and Governance Act 2020 (CIGA) entered into force in the United Kingdom this summer, amidst the economic and social disruption caused by the COVID-19 crisis.
The Corporate Insolvency and Governance Act 2020 (CIGA)
How will the Act impact restructuring in the UK?
United Kingdom | Publication | October 2020
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis.
CIGA came into force on June 26, 2020 after a speedy progression through Parliament, following the publication of the draft legislation in May. CIGA is part of the Government’s response to the COVID-19 crisis and introduces a number of “debtor friendly” measures to English restructuring and insolvency law, which up to now has been regarded as “creditor friendly”.
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UK: New Corporate Insolvency and Governance Act: Implications for ABLs
The UK Corporate Insolvency and Governance Act 2020 (the Act) came into force in June 2020.
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UK: The new Corporate Insolvency and Governance Act: Implications for the energy and infrastructure sectors
The Corporate Insolvency and Governance Act 2020 (the “Act”) introduces a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK.
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UK: Corporate Insolvency and Governance Act 2020: More debtor-friendly restructuring regime?
The Corporate Insolvency and Governance Act 2020 (CIGA or the Act) has introduced new procedures and measures to seek to rescue companies in financial distress as a result of the COVID-19 pandemic and the resulting economic crisis.
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UK: Essential UK Pensions News
The Corporate Insolvency and Governance Act 2020 was introduced as a Bill in the House of Commons on May 20, 2020 and obtained Royal Assent on June 25, 2020.
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UK: Government updates its guidance on responsible contractual behaviour
This article is an update to our previous post on the government’s guidance on responsible contractual behaviour for contracts impacted by COVID-19.
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UK: Pensions Briefing: Covenant strength and deficit funding
The impact of a good overall covenant on the funding requirements of a defined benefit pension scheme and the ability for a deterioration in the covenant to result in a sharp spike in funding liabilities cannot be underestimated.
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WHS Law Briefing
Welcome to our WHS Law Briefing. This briefing identifies key issues and emerging trends in WHS Law, and details significant legislative and case law developments from August 2024 to date in February 2025.
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Pro bono Year in Review 2024
At Norton Rose Fulbright in Australia, pro bono is part of our firm’s cultural make-up and our social licence to operate.
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The Australian Psychosocial Risk Perspective on Gender Diversity
It is critical that Australian business leaders consider the psychosocial risk perspective on gender diversity and ensure that their decision-making on this issue aligns with their obligations under work health and safety laws.
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