The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act (“Act”) received royal assent on 15 December 2021. The Act extends the scope of powers available to the Insolvency Service to address the issue of directors dissolving companies to avoid paying their liabilities.
The COVID-19 pandemic is likely to give rise to a wave of distressed companies looking for buyers or investors. With depressed valuations and significant pockets of cash available to investors, there are likely to be many M&A opportunities that might be classed as “distressed M&A”. This publication, Opportunities in Distressed…
United Kingdom: COVID Corporate Financing Facility, Coronavirus Large Business Interruption Loan Scheme, Coronavirus Business Interruption Loan Scheme, the Future Fund: will they help your business? Overview In an attempt to provide support to as many businesses as possible as they battle the effects of the COVID-19 pandemic, and to deploy…