13 Suspension of liability for wrongful trading: Northern Ireland
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

13  Suspension of liability for wrongful trading: Northern Ireland

(1)     In determining for the purposes of Article 178 of the Insolvency (Northern Ireland) Order 1989 (SI 1989/2405 (NI 19)) (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 High 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

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