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UK Corporate Insolvency and Governance Act 2020: Covid-19 update and implications for company directors

UK Corporate Insolvency and Governance Act 2020: Covid-19 update and implications for company directors 3rd August 2021 In March 2021, the government extended temporary insolvency measures to aid businesses in dealing with the current and continuing disruption caused by the pandemic. The measures so far have avoided a big spike in insolvencies and the

UK Corporate Insolvency and Governance Act 2020: Covid-19 update and implications for company directors2021-08-03T13:26:27+01:00

Payback for bounce-back loans approaches: Handling debts, disputes and deadlines

Payback for bounce-back loans approaches: Deadlines, handling debts and disputes 20th July 2021 The Government’s bounce back loan offered to businesses during the coronavirus pandemic, gave emergency finance to struggling organisations of between £2,000 and £50,000. The loans were interest-free for the first twelve months, with the first loans delivered in May 2020. This

Payback for bounce-back loans approaches: Handling debts, disputes and deadlines2021-08-03T13:27:14+01:00

Corporate debt recovery: A guide for small businesses

7th July 2021 Corporate debt recovery: a guide for small businesses Good credit control is vital for small businesses and can sometimes make the difference between success and failure for an organisation where good cash flow is important. Understanding your rights and how best to recover debts will help you control late payments and

Corporate debt recovery: A guide for small businesses2021-08-03T11:31:33+01:00

Employment law and Covid: Over half of UK workers want to change career path following the pandemic

Employment law and Covid: Over half of UK workers want to change career path following the pandemic. As the world of work opens up again and lockdown restrictions lift, many people are considering a change of occupation. The break in normality caused by Covid-19 gave many workers the chance to consider their direction in

Employment law and Covid: Over half of UK workers want to change career path following the pandemic2021-08-03T11:39:23+01:00

New law aims to close loophole on company dissolution

New law aims to close loophole on company dissolution The government is set to introduce new rules preventing company directors from avoiding personal liability for their unlawful conduct. A loophole currently exists that allows company directors to prevent an investigation into their actions by informally striking off their own company. The so-called dissolution loophole

New law aims to close loophole on company dissolution2021-07-07T14:30:44+01:00

A guide to winding-up proceedings: How does the process work?

A guide to winding-up proceedings: How does the process work? A winding-up petition allows a company’s creditors to attempt to recover money owed to them by having the company’s assets sold, with the proceeds used to pay outstanding debts. It is a serious step and should only be undertaken as a last resort. A

A guide to winding-up proceedings: How does the process work?2021-07-07T14:31:01+01:00

The government consultation: Commercial property and rent arrears through the pandemic

The government consultation: Commercial property and rent arrears through the pandemic As legal restrictions on the recovery of commercial rent arrears continue, the government has launched a consultation on whether to extend, remove or replace the measures. During the pandemic, emergency legislation was put into place to protect commercial tenants who were struggling to

The government consultation: Commercial property and rent arrears through the pandemic2021-07-07T14:31:21+01:00

The 4 ways to legally terminate a contract: breach of contract, performance and agreement

The 4 ways to legally terminate a contract: breach of contract, performance and agreement Disruption is common in the business world, with unforeseen events or difficulties meaning that contracts sometimes cease to be beneficial or even possible. We take a look at various ways in which a contract can possibly be legally terminated. If

The 4 ways to legally terminate a contract: breach of contract, performance and agreement2021-07-07T14:31:42+01:00

What are the strategies for preventing shareholder disputes?

Strategies for preventing shareholder disputes Shareholder disputes can be disruptive to a company, diverting management attention from the business and potentially damaging its reputation. Putting the right framework in place to avoid disputes will not only help prevent shareholders from being disgruntled but can also make a company a more attractive proposition should it

What are the strategies for preventing shareholder disputes?2021-07-07T14:32:05+01:00

What are the different types of misrepresentation?

What are the different types of misrepresentation? When entering into a business contract, a variety of statements are usually made setting out the details and background of the deal. If someone enters into a contract in reliance on a statement that later turns out to be untrue, this is misrepresentation. The false statement does

What are the different types of misrepresentation?2021-07-07T14:32:25+01:00

HMRC preferential status and the impact on personal guarantees

HMRC preferential status and the impact on personal guarantees The government’s reinstatement of HM Revenue & Customs (HMRC) to the position of a secondary preferential creditor in insolvent liquidations comes at a time when many businesses are being squeezed and cash flow is poor. Lenders may be more inclined to seek personal guarantees before

HMRC preferential status and the impact on personal guarantees2021-07-07T14:32:45+01:00

Wrongful or insolvent trading: Can company directors be personally liable?

Wrongful or insolvent trading: Can directors be personally liable? Wrongful trading occurs when company directors continue to trade past the point when they knew or should have known that there was no reasonable prospect of avoiding insolvent liquidation and in addition they did not attempt to minimise potential loss to the company’s creditors at

Wrongful or insolvent trading: Can company directors be personally liable?2021-07-07T14:35:27+01:00

The FCA and business insurance: Are Covid-19 interruptions covered?

The FCA and business insurance: Are Covid-19 interruptions covered? Following disputes and disagreement over whether business insurance companies were required to pay out on business interruption policies following the Covid-19 outbreak, the Supreme Court has made a ruling which will help many businesses make successful insurance claims. On 15 January 2021, the Supreme Court

The FCA and business insurance: Are Covid-19 interruptions covered?2021-07-07T14:36:24+01:00

Minority shareholder disputes: What are your rights?

Minority shareholder disputes: What are your rights? While minority shareholders have limited powers under the terms of the Companies Act 2006, a dispute can cause substantial disruption to a company if it is not dealt with promptly. Disagreements can arise when shareholders object to a certain course of action, when they believe that directors

Minority shareholder disputes: What are your rights?2021-07-07T14:36:47+01:00

The Legal Industry in 2021: Advice, guidance and representation

The Legal Industry in 2021: Advice, guidance and representation The difficulties of 2020 forced the legal industry to adapt quickly to provide advice, guidance and representation to clients during lockdowns and commercial turmoil. We understand more about the changes in the legal industry in 2021. Lawyers have on the whole moved rapidly to adjust

The Legal Industry in 2021: Advice, guidance and representation2021-07-07T14:37:10+01:00
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