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Corporate Insolvency and Governance Act 2020
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- UK Public General Acts
- 2020 c. 12
- SCHEDULE 4
- PART 2
- Relaxation of conditions for...
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Changes over time for: Cross Heading: Relaxation of conditions for obtaining moratorium etc
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There are currently no known outstanding effects for the Corporate Insolvency and Governance Act 2020, Cross Heading: Relaxation of conditions for obtaining moratorium etc.
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Relaxation of conditions for obtaining moratorium etcE+W+S
6(1)For the purposes of obtaining a moratorium under section A3 of the Insolvency Act 1986 during the relevant period—E+W+S
(a)section A3 of that Act has effect as if subsection (1)(a) were omitted;
[F1(b)section A6(1)(e) of that Act has effect as if at the end there were inserted “or would do so if it were not for any worsening of the financial position of the company for reasons relating to coronavirus”;]
(c)Schedule ZA1 to that Act has effect as if paragraph 2(1)(b) and (2)(b) were omitted.
(2)During the relevant period, only an overseas company may obtain a moratorium under section A4 of the Insolvency Act 1986.
Textual Amendments
F1Sch. 4 para. 6(1)(b) ceases to have effect (1.10.2020) by virtue of The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020 (S.I. 2020/1033), regs. 1, 2 (with reg. 3)
7E+W+SIn relation to an application for a moratorium made under section A4 or A5 of the Insolvency Act 1986 during the relevant period—
[F2(a)section A6(1)(e) of that Act has effect as if at the end there were inserted “or would do so if it were not for any worsening of the financial position of the company for reasons relating to coronavirus”;]
(b)Schedule ZA1 to that Act has effect as if paragraph 2(1)(b) and (2)(b) were omitted.
Textual Amendments
F2Sch. 4 para. 7(a) ceases to have effect (1.10.2020) by virtue of The Corporate Insolvency and Governance Act 2020 (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020 (S.I. 2020/1033), regs. 1, 2 (with reg. 3)
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