COVID-19 Relief Payment
Key Dates:
13 November 2020 – Applications close
Powers and exemptions to help businesses
Key Dates:
31 March 2021 — Expiry of provisions allowing meetings to be held online, temporary exceptions to be made to entity rules, and Registrars and Ministers to create exemptions.
15 May 2021 — Expiry of provisions allowing the use of electronic signatures when signing security agreements that contain powers of attorney.
More information can be found here.
Business Debt Hibernation
Key Dates:
24 December 2020 — Cut-off date for businesses applying to enter into debt hibernation.
The Government has not yet decided whether to extend the availability of the Business Debt Hibernation scheme.
Read more about business debt hibernation on our blog.
Safe harbour for company directors
Key Dates:
Expired 30 September 2020
As of 1 October 2020, directors have had to again comply fully with their obligations under the Companies Act, even when facing financial distress due to COVID-19.
