Insolvency Winter Webinar Series - Winding Up Petitions: the Post-Covid Landscape

Insolvency Winter Webinar Series - Winding Up Petitions: the Post-Covid Landscape

10 Nov, 2021

Insolvency Winter Webinar Series

Date: Wednesday 10 November 2021

Time: 9:00am (1 hour)

Venue: Online

Cost: Free

Winding Up Petitions: the Post-Covid Landscape

Simon Passfield and Govinder Chambay will begin Guildhall Chambers Insolvency Winter Webinar Series by analysing the winding up restrictions pre- and post- 1 October 2021, reviewing the relevant caselaw and exploring possible strategies for petitioning creditors and debtor companies in respect of extant and future petitions.

With effect from 27 April 2020, Schedule 10 to the Corporate Insolvency and Governance Act 2020 has supported companies during the pandemic by restricting the circumstances in which winding up petitions can be presented against them. In their original form, these restrictions included: (i) a prohibition on petitions based on statutory demands; (ii) the introduction of a “coronavirus test”; and (iii) a prohibition on the advertisement of petitions until a preliminary hearing.

On 9 September 2021, the Insolvency Service announced that, with effect from 1 October 2021, these restrictions would be removed and replaced with new measures aimed at "helping smaller companies get back on their feet" before creditors can take action. The new measures, which were introduced by the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Amendment of Schedule 10) (No.2) Regulations 2021 include: (i) increasing the debt threshold to present a winding up petition to £10,000; and (ii) a requirement that creditors give debtor companies 21 days to make satisfactory proposals for repayment of their debts before presenting a winding up petition.

Please complete the booking form below should you wish to register for your free place. 

You will receive an acknowledgement of receipt.  Joining instructions will follow in due course, usually within 24 hours of the webinar.

(Please note that all our webinars are recorded and uploaded to our YouTube channel with a link accessible via our website.  Therefore your name as a participant may be viewable or audible) 

The Team’s previous webinars and materials can be viewed here

Related profiles:
Hugh Sims QC
Richard Ascroft
Christopher Hare
Katie Gibb
Stefan Ramel
Holly Doyle
Simon Passfield
James Hannant
Samuel Parsons
John Churchill
Govinder Chambay

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