The UK Corporate Insolvency and Governance Act 2020: how will the new moratorium and restructuring plan impact real estate finance transactions in England?
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In this note we consider the key questions and issues that lenders and borrowers in the commercial real estate lending market in England are likely to have as a result of the new moratorium and restructuring plan introduced by the Corporate Insolvency and Governance Act 2020 (the Act).
The Act was brought into law very quickly to implement changes to support struggling businesses as they dealt with the economic fallout from the Covid-19 pandemic, but it includes permanent amendments to the insolvency framework that will change the way creditors and others interact with businesses in financial difficulty.
