What if your business is struggling as a result of COVID-19?

Listen to our series of 'What if?' vlogs to learn more about what you can do to help a struggling business and hear advice from expert speakers, including BLM's Stuart Evans, Commercial Advisory Partner.

Episode 1: What if my business is suffering as a result of Covid-19? What are my options?

Presenters: Stuart Evans, Commercial Advisory Partner, BLM and Stephen Cork, Managing Partner, Cork Gully

 

Episode 2: What if my business has claims against other parties as a result of Covid-19? What are my options?

Presenters: Stuart Evans, Commercial Advisory Partner, BLM and Jennifer Meech, Barrister, Enterprise Chambers

 

Episode 3: What if I have been served with a statutory demand?

Presenters: Stuart Evans, Commercial Advisory Partner, BLM and Jennifer Meech, Barrister, Enterprise Chambers

 

Episode 4: What if I have been served with a winding-up petition? What do I do?

Presenters: Stuart Evans, Commercial Advisory Partner, BLM and Jennifer Meech, Barrister, Enterprise Chambers

“PLEASE NOTE: Videos 3 and 4 were recorded before the Government published the Corporate Insolvency and Governance Bill 2019-2021. In summary, if that bill passes as drafted, then amongst other things it will have the following temporary effects on statutory demands and the winding up of registered companies:

  1. No winding up petition can be presented based on a statutory demand that was served between 1 March 2020 and 30 June 2020. (The end of the period is 30 June 2020 or 30 days after the act is passed. As the first readings are set for 3 June 2020 the provisions will almost certainly last until 3 July 2020 or later).
  2. No other creditor’s winding up petition can be presented between 27 April 2020 and 30 June 2020 unless the creditor has reasonable grounds to believe that the company’s inability to pay its debts is not as a result of coronavirus and the Court is satisfied that this is the case.
  3. Any winding up order made against a company in respect of petitions presented after 27 April 2020 but before commencement of these temporary provisions is liable to be treated as void. “

 

Please keep a look out on this page for more Vlogs in the 'What if?' series, being released soon.  

Disclaimer: This content does not present a complete or comprehensive statement of law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to clients of BLM. Specialist legal advice should always be sought in any particular case.

Who to contact

Stuart
Evans

Partner , London

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