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Struggling businesses during the pandemic: Is insolvency the only option after COVID-19?

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

Struggling businesses during the pandemic: Is insolvency the only option after COVID-19?2020-07-30T14:04:20+01:00

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

The treatment of director’s loan accounts in administration or liquidation: Can DLAs be reclassified?2020-07-16T15:30:49+01:00

Breach of contract: Remedies and compensation

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

Breach of contract: Remedies and compensation2020-07-13T14:20:37+01:00

UK Corporate Insolvency and Governance Bill: General meetings and restructuring

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 Corporate Insolvency and Governance Bill: General meetings and restructuring2020-06-01T11:47:45+01:00

UK Government publishes new guidance on contractual behaviour during the Covid-19 pandemic

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

UK Government publishes new guidance on contractual behaviour during the Covid-19 pandemic2020-05-22T12:10:31+01:00

Defamation, libel and slander: What can I do if someone attacks me or my business?

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

Defamation, libel and slander: What can I do if someone attacks me or my business?2020-05-19T11:00:31+01:00

Facing corporate insolvency: What do I need to know about personal guarantees?

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

Facing corporate insolvency: What do I need to know about personal guarantees?2020-05-10T15:27:56+01:00

Director disqualification and the 7 things you need to know

Director disqualification: what do I need to know? When a company director fails to carry out their legal responsibilities, they run the risk of being disqualified. This can be a lengthy procedure resulting in a period of disqualification during which it is not permitted to form, promote or manage a company. The main

Director disqualification and the 7 things you need to know2020-06-01T11:54:42+01:00