The unprecedented spread and severity of the COVID-19 pandemic, together with closures and restrictions imposed by the safe distancing measures, has resulted in significant impact on businesses.
The COVID-19 (Temporary Measures) Act has increased monetary thresholds for insolvency from 20 April 2020 to ?????? [Note: to update]
The Ministry of Law is considering further temporary measures, in addition to the processes in the Act, to assist micro and small companies which, as a result of the COVID-19 pandemic, may require support to either restructure their debts or wind down their businesses. [Note: to update]
To find out more:
Click [here] to access the Insolvency, Restructuring and Dissolution Act
Click [here] for access the COVID-19 (Temporary Measures) Act