15 Temporary exclusion for small suppliers: Great Britain
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

15  Temporary exclusion for small suppliers: Great Britain

(1)     Section 233B of the Insolvency Act 1986 does not apply in relation to a contract for the supply of goods or services to a company where—

(a)     the company becomes subject to a relevant insolvency procedure during the relevant period, and

(b)     the supplier is a small entity at the time the company becomes subject to the procedure.

(2)     In subsection (1)(a) “relevant period” means the period which—

(a)     begins with the day on which this section comes into force, and

(b)     ends with [30 June 2021].

(3)     For the purposes of subsection (1)(b), whether the supplier is a “small entity” at the time the company becomes subject to a relevant insolvency procedure (the “relevant time”) is to be determined

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