A Briefing on the new Government guidance on responsible contractual behaviour and its insolvency reforms
The Government recently published “Guidance on responsible contractual behaviour in the performance and enforcement of contracts impacted by the Covid-19 emergency” and its Insolvency reforms are currently going through Parliament in the shape of the “Corporate Insolvency and Governance Bill 2020” (it is envisaged that the bill will become law at the end of June 2020). Both seek to promote reasonableness and to protect the Government’s investment to try and safeguard businesses from the impact of Covid-19. Ian Waine, our Senior Partner and Head of Prettys' Corporate Team and Graham Mead, a Partner in our Commercial Disputes Team, hosted a live webinar briefing on the contents of the new Guidance and Bill together with key issues that businesses should consider at this time.
As the lockdown eases, is a rescue culture arising based on Government support? The Briefing looks at how the Government appears to be seeking to manage disputes in the “new normal” post Covid-19 world, and how this may affect the way that disputes are resolved and insolvency handled in the future.