Guidance
Retrospective provisions
Updated 5 June 2020
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| Legal Framework | Measures | Retrospectivity [Yes / No] | Commencement of retrospective measures |
|---|---|---|---|
| Insolvency | Moratorium | No | Day after Royal Assent |
| Insolvency | Restructuring | No | Day after Royal Assent |
| Insolvency | Termination clauses (ipso facto) | No | Day after Royal Assent |
| Insolvency | Suspension of liability for wrongful trading | Yes | 1 March 2020 – 30 June 2020 or one month after the Act comes into force whichever is later Date the measure ceases to apply is subject to extension (or curtailment) by regulations |
| Insolvency | Statutory Demands | Yes | 1 March – 30 June 2020 or one month after the Act comes into force whichever is later Date the measure ceases to apply is subject to extension (or curtailment) by regulations |
| Insolvency | Winding up petitions | Yes | 27 April – 30 June 2020 or one month after the Act comes into force whichever is later Date the measure ceases to apply is subject to extension (or curtailment) by regulations |
| Company Law | AGMs & other meetings: flexibilities and AGM deadline extensions | Yes | Flexibilities: Meetings held between 26 March and 30 September AGM deadline extensions: AGM deadlines expiring since 26 March and before 30 September 2020 Date the measure ceases to apply is subject to extension (or curtailment) by regulations |
| Company Law | Filing requirements | Yes | Companies with account filing deadline expiring since 26 March 2020 but before 30 September 2020 (or, if earlier, the last day of the period of 12 months immediately following the end of the relevant accounting reference period). |