Coronavirus Updates

UPDATED: Significant reforms to UK insolvency Law: Corporate Governance and Insolvency Act 2020

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UPDATED 29 September 2020 The government has announced further assistance to companies encountering financial difficulties as a result of COVID-19 by extending the restrictions on statutory demands and winding-up petitions until 31 December 2020. An...

Commercial landlord and tenant Update - September 2020

Chloe Benson
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With the recent government announcement extending some of the restrictions on rent recovery until 31 December 2020 and with many landlords still out of pocket from March and June, it is unsurprising that many landlord and tenant relationships are under...

Business Interruption Insurance update - is my business covered? Five key points

Jonathan Cole
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The High Court has recently held that a large number of businesses who hold business interruption insurance policies and who were forced to close as a result of the pandemic are entitled to compensation by their insurers.  Whilst this is an important...

Q&A: The expiry of the stay on possession proceedings - what happens next?

Chloe Benson
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During the COVID-19 pandemic almost all forms of possession proceedings and enforcement action have been stayed. This means that, for parties currently involved in such proceedings, they have no choice but to wait until the stay period is over before they...

Coronavirus: the Government's Future Fund scheme has provided £512.9 million in funding so far - is your company eligible?

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According to figures released this week by HM Treasury, a total of 816 applications have been made under the government’s Future Fund scheme which opened for applications on 20th May 2020. Under the Future Fund scheme, government funding is...

EMI share options - perks and pitfalls

Jessica Nugent
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Enterprise Management Incentive (“EMI”) share option schemes have always been popular with employers and employees as a tax-efficient way for employees to share in the growth in value of the company for which they work.  They are becoming...

Residential landlords - staying on top of the recent changes to residential property regulations

Chloe Benson
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The last three months have been challenging for residential property landlords, many of whom are juggling uncertain income with rapidly changing residential property regulations, most of which have been designed to protect residential tenants. This article...

Furlough: 10 June 2020 - Last date to furlough new entrants to CJRS

Clare Gilroy-Scott
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The Coronavirus Job Retention Scheme (the Scheme) allows UK employers who cannot maintain their current workforce because their operations have been severely affect by coronavirus to “furlough” employees and access financial support to cover some...

Coronavirus - landlord and tenant code of conduct - two months too late?

Chloe Benson
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On 29 May 2020, the government announced that it would be publishing a code of conduct to help guide and encourage landlords and tenants to work together to protect viable businesses and ensure a swift recovery. Whilst this would appear to be helpful, it is...

Coronavirus - Contractors can keep sites open until 9pm and it could be later

Richard Bailey
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Last night the government announced that construction sites can stay open until 9pm in residential areas and possibly later in places like the City of London. While this is of course good news as it will allow for greater social distancing on construction...

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