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This pre-recorded webinar was originally presented as part of Specialist Accreditation Week 2020 2020 has been a strange year for everyone – and the same is true in insolvency law reform. This session will cover law changes at the start of the year which significantly increased the personal liability of directors; and also the governments attempts to clamp down on the unhelpfully named ‘illegal phoenixing’. Further significant law reforms were introduced to alleviate the impact on businesses and give protection to directors during COVID-19. Some of these reforms have been extended and some may become permanent – time will tell. Now at the end of the year the government has introduced what it says is the most significant law reform in insolvency in 30 years – which doesn’t explain why the Government only allowed 5 days’ consultation on the draft legislation; why it still hasn’t released the regulations which will contain the substantive parts of the new law; or why it is still proposing to have the new laws commence on 1 January 2021. 2020 has been an ‘interesting’ year in insolvency and 2021 may be even moreso. Proudly sponsored by: ![]() |
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Recorded on 27 November 2020 | |
Stephen Mullette*, Principal, Matthews Folbigg Lawyers |
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