Will the small business insolvency law reforms really protect small business company directors?
Upcoming changes to insolvency laws could have a significant impact on companies that have faced challenging circumstances during the COVID-19 pandemic. Temporary protections from claims of insolvent trading that were put in place to assist businesses during COVID–19 are coming to an end on 31 December 2020. However, a new regime for restructuring small businesses is commencing on 1 January 2021 .
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