This week the House of Lords debated tabled amendments to the Corporate Insolvency and Governance Bill and the provisions will be examined by the Lords again next week. There was plenty of debate about whether the proposed new processes protect the interests of third parties such as employees, banks and pension creditors but largely, the amendments being taken forward focus on the position of lenders and the potential consequences of bank debt being accelerated. We will be posting a blog outlining any key changes to the legislation when the debates conclude, but in the meantime please click here to access our quick guides giving an overview of the proposed new moratorium, restructuring plan and ipso facto regime.
