12 Suspension of liability for wrongful trading: Great Britain
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

Wrongful trading

12  Suspension of liability for wrongful trading: Great Britain

(1)     In determining for the purposes of section 214 or 246ZB of the Insolvency Act 1986 (liability of director for wrongful trading) the contribution (if any) to a company's assets that it is proper for a person to make, the court is to assume that the person is not responsible for any worsening of the financial position of the company or its creditors that occurs during the relevant period.

(2)     In this section the “relevant period” is the period which—

(a)     begins with 1 March 2020, and

(b)     ends with 30 September 2020.

(3)     Subsection (1) does not apply if at any time during the relevant period the company concerned is excluded from being eligible by any of the paragraphs of Schedule ZA1 to the Insolvency Act 1986

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