Insolvency changes

Directors could be given longer to meet deadlinesSky News reports that directors could be given longer to meet Companies House deadlines under emergency insolvency reforms. The news agency claims to have obtained a summary of the eight measures to be included in the Corporate Insolvency and Governance Bill, which is due to begin its emergency passage through parliament in the coming days. The majority of them are focused on giving company bosses additional breathing space "to maximise their chances of survival, protect jobs and support the country's economic recovery", according to a document circulated by the Department for Business, Energy and Industrial Strategy. Sky says that among the measures aimed at boosting companies' survival hopes, some of which were outlined last month, is a moratorium preventing legal action being taken against them without the permission of a court.