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Briefing quick find:

Budget 2021 – what to look out for

Tomorrow Rishi Sunak will present his second Budget within 12 months. For many commentators, it is perhaps the pivotal Budget of this parliament. Pre-Budget leaks and interviews have put the focus squarely on continuing key pandemic support measures through, hopefully,…

The sting in the tail in the Finance Act 2020

The sting in the tail in the Finance Act. Are the walls closing in on key stakeholders? The Finance Act 2020 (“Act”) came into force on 22 July 2020 bringing with it the re-introduction of the Crown Preference (See Changes to…

To scheme or to plan?

The Corporate Insolvency and Governance Act 2020 (“CIGA”) introduced a series of temporary and permanent measures to the armoury of rescue and restructuring mechanisms in the wake of the COVID-19 pandemic and the ensuing financial upheaval. Pursuant to the provisions of…

Changes to The Return of Crown Preference

On 1 December 2020 the government enacted the Finance Act 2020 (The Act) bringing with it the return of Crown Preference. We are already seeing the wide-ranging ramifications not just for creditors in insolvency proceedings but also for those businesses…