Forfeiture moratorium and commercial rent arrears recovery (CRAR) extension

On Wednesday 16 June 2021, the Government announced that it will be extending the moratorium on the forfeiture of a commercial lease and the Commercial Rent Arrears Recovery Process (“CRAR”) by almost 9 months, to until 25 March 2022 (“Relevant Period”). This means that during the Relevant Period a landlord may not forfeit a relevant

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Insolvency Service to get new powers to Investigate unfit directors

On 12 May 2021 the Government announced that new legislation will be enacted to give greater powers to the Insolvency Service. The Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (the bill) is currently working its way through the legislative stages for approval. The aim of the bill is to allow the Insolvency Service, on

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UK’s Post-Brexit Accession to the Lugano Convention

On 4 May 2021 the European Commission recommended that the UK’s accession to the Lugano Convention should be blocked by the EU. Whilst the final decision on the UK’s accession to the Lugano Convention rests with a qualified majority the European Council, it is anticipated that this recommendation is likely to influence the awaited final

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Breathing Space – The Debt Respite Scheme Launched to Help Debtors

The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 came into force on 4 May 2021. What is Breathing Space? The Debt Respite Scheme, also known as Breathing Space, is a new free government scheme which is intended to give debtors temporary relief from the pressure of

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