Debt recovery during the pandemic: What are the options? While the government’s temporary rules seek to protect businesses during troubled times, curbing debt recovery measures is increasing the pressure on many. We take a look at the new legislation and at what options are available for those who are seeking payment from debtors.
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Partnership disputes: How can I avoid a litigation case arising from a bad partnership agreement? A well-drafted agreement forms the basis of a strong partnership. By clearly setting out the rights and responsibilities of each partner, partnership disputes can often be avoided. When a new partnership is set up, sometimes the partnership agreement
Launching a new business in the UK: What do I need to know before I get started? Notwithstanding the current difficult climate caused by covid 19, new businesses continue to be formed. Creating a new enterprise is exciting but the list of considerations before launch day is long. At Lincoln & Rowe we
Lockdown tensions: Settling ongoing neighbour disputes during the pandemic With many of us spending substantially more time at home, what were seemingly minor problems with neighbours might start becoming more of an issue than they were before. Behaviour that we have previously ignored or not had time to address can become irritating and
The recession, Covid-19 & the effects on UK employment: Will redundancy rates increase when the furlough scheme ends?
The recession, Covid-19 & the effects on UK employment: Will redundancy rates increase when the furlough scheme ends? With the recession caused by the pandemic reducing UK economic output by a quarter, redundancy figures are soaring. Numbers for the three months to 31 May showed the fastest increase in quarterly job losses since
Key issues for landlords and tenants in the UK in light of the Coronavirus Act 2020 A ban on residential evictions in England and Wales was put in place at the beginning of the Covid-19 pandemic, extended until 20 September 2020. When the courts begin hearing eviction cases again, the most serious cases
Surviving the UK’s deepest recorded recession The current recession, triggered by the Covid-19 lockdown, is the worst of any experienced by the G7 nations as well as being the biggest UK recession since records began in 1955. Despite growth returning, the effect of such a deep fall in GDP will have an ongoing
HMRC restored to secondary preferential for creditors: How does this impact secured lending? The Finance Act 2020 (‘the Act’) which received royal assent in July 2020 has returned HMRC to the position of secondary preferential creditor in insolvent liquidations. This change will come into effect on 1 December 2020 and will mean that
My business is struggling financially because of Covid-19: what are my options? As the economy struggles to recover from the Covid-19 crisis, many businesses are finding themselves in difficulty. It is important to know what help is available and what the options are if you may be facing insolvency. Government support The government
The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified?
The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified as remuneration? A recent case has highlighted the dangers of the treatment of a Director’s Loan Account (“DLA”), and the risks to directors of trying to re-categorise their DLAs as salary payments. This can mean that the information previously
Remedies for breach of contract: Can you claim compensation? When a commercial contract is breached, it can cause profound difficulties for a business. Knowing what remedies are available means you can protect your legal position and seek to enforce your rights or obtain compensation when this is not possible. When a contract is
UK Corporate Insolvency and Governance Bill: General meetings and corporate restructuring A new bill, placed before Parliament on 20 May 2020, has been designed to offer protection to businesses and support the UK economy. The Corporate Insolvency and Governance Bill will allow companies in difficulty to benefit from a range of steps to
UK Government publishes new guidance for contractual behaviour during the Covid-19 pandemic In May 2020, the Government issued guidance on responsible contractual behaviour in dealing with the performance and enforcement of contracts impacted by the Covid-19 emergency. The document is not legally binding, however, parties are strongly encouraged to follow its guidance for
Defamation, libel and slander: What can I do if someone attacks me or my business? What is defamation of character? Defamation is a statement about someone that lowers people’s view or opinion of that person. The person will have been identified and the statement published or distributed to a third party. A defence
Facing corporate insolvency: What do I need to know about personal guarantees? Owners and directors of small and medium-sized businesses and start-ups are often required to sign personal guarantees in order to secure funding. Should you face corporate insolvency a personal guarantee can put all of your personal assets at risk, including your