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15 July 2020 / Stephen Gold
Issue: 7895 / Categories: Features , Civil way , Procedure & practice
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Civil way: 17 July 2020

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Company wind ups wound down; Wrongful trading rightful; More time for companies registration; 
PD51Z back in Court of Appeal

Draftsmen exhausted

Well, they must be, mustn’t they? So long as they don’t take a day off on Bournemouth Beach. And the only thanks they get is from the human rights lobby who tell them their secondary legislation is unenforceable. Their latest marathon is the 50 section 14 schedule fast-tracked Corporate Insolvency and Governance Act 2020. Imagine composing a mix of the Finance Bill and the Commonhold and Leasehold Reform Bill before explosion of a time bomb. The bone dry Pension Protection Fund (Moratorium on Arrangements and Reconstructions for Companies in Financial Difficulty) Regulations 2020 (SI 2020/693) and Charitable Incorporated Organisations (Insolvency and Dissolution) (Amendment) Regulations 2020 (SI 2020/710) made under the Act are also in force.

Winding down If you can move a job lot of company statutory demands, then go for it. Winding up orders against registered companies on grounds that they have failed to stump up under

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MOVERS & SHAKERS

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Carey Olsen—Patrick Ormond

Carey Olsen—Patrick Ormond

Partner joinscorporate and finance practice in British Virgin Islands

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