EnactedCorporate Insolvency and Governance Act 2020

leave out “more than once” and insert “multiple times with no limit”

leave out “would” and insert “could”

at end insert—
is independent from the company,”

after “debts,” insert—
a statement on behalf of any trade union made on behalf of employees affected by the proposed rescue of the company as a going concern,”

at end insert—
In deciding whether to make the statement under subsection (1)(e) the monitor is entitled to rely on information provided by the company unless the monitor has reason to doubt its accuracy.”

after “company” insert “or the company’s business”

after “company” insert “or the company’s business”

after “company” insert “or the company’s business”

after “company” insert “or the company’s business”

after “company” insert “or the company’s business”

leave out lines 6 and 7

leave out lines 3 and 4

leave out lines 27 and 28

leave out lines 39 and 40

at end insert—
For small businesses, in this Chapter, the initial period in relation to a moratorium means the period of 30 business days beginning with the business day after the day on which the moratorium comes into force.”

leave out lines 39 to 41

leave out “person” and insert “insolvency practitioner, or has an appropriate qualification from a UK chartered accountancy body”

at end insert—
a list by the directors of all known creditors of the company,”

at end insert—
a statement from the directors detailing the amount owed to or from the company in outstanding late payments, including potential statutory interest and compensation under the terms of the Late Payment of Commercial Debts (Interest) Act 1998 over the relevant limitation period.”

Lord Blencathra gives notice of his intention to oppose the Question that Clause 1 stand part of the Bill.

at end insert—
Power to make provision in connection with pension schemes

at end insert—
Challenge brought by Board of the Pension Protection Fund

at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and

at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and

leave out lines 8 to 11

leave out lines 29 to 32

leave out from beginning to end of line 2 on page 6

at end insert—
in a case where the company is or has been an employer in respect of an occupational pension scheme that is not a money purchase scheme, the Pensions Regulator, and

leave out “changing the definition of “the relevant documents”” and insert “adding to the list of documents”

at end insert—
However, the court may not give permission for the disposal of any property or asset under subsection (1) which has been pledged to the company’s defined benefit pension scheme unless the Pension Protection Fund has given prior permission for its disposal.”

at end insert—
banks and other financial creditors may not seek to accelerate payment.”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

after “company” insert “or the company’s business or part of that business”

leave out lines 21 and 22

at end insert—
a list by the directors of all known creditors of the company,”