Corporate Insolvency and Governance Bill

Explanatory Notes

What these notes do 

These Explanatory Notes relate to the Corporate Insolvency and Governance Bill as introduced in the House of Commons on 20 May 2020 (Bill 128).

· These Explanatory Notes have been produced by the Department for Business, Energy and Industrial Strategy in order to assist the reader. They do not form part of the Bill and have not been endorsed by Parliament.

· These Explanatory Notes explain what each part of the Bill will mean in practice; provide background information on the development of policy; and provide additional information on how the Bill will affect existing legislation in this area.

· These Explanatory Notes might best be read alongside the Bill. They are not, and are not intended to be, a comprehensive description of the Bill.


Prepared 19th May 2020