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Legal update

20 November 2020 Buoyancy check: are your floating assets sinking?

From 1 December 2020, HMRC will once again benefit from preferred creditor status in the event of an insolvency. This means that, regardless of the date of any pre-existing security, HMRC will rank ahead of the general body of unsecured creditors and floating charge holders in respect of certain taxes (including VAT, PAYE and employee’s NIC but not Corporation Tax).

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Legal update

16 November 2020 Companies House looking to take a more robust role on company filings

The changes currently proposed by the Government to Companies House are likely to be amongst the most significant since the Companies Act 2006 originally came into force and expand on the PSC and other filing regimes already in place.

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Legal update

2 October 2020 Recent changes to HMRC's policy on VAT and contract termination payments

On 2 September HMRC announced a change in its policy on the VAT treatment of compensation and damages payments in the context of early contract termination.

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Legal update

12 June 2020 Demystifying the indemnity

We know that one of the most difficult and troublesome areas of contracts to navigate are indemnities and how they interplay with warranties and liabilities. This note is not intended to be chapter and verse. It is intended as a guide to help those working in-house to identify ‘red flags’ in contracts presented to them for review.

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In-House Lawyers - 9th June 2020

On demand webinar, focusing on practical solutions to utilise from home in agreements and dealings with business contract law, employment and covid-19.

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Legal update

5 June 2020 Update: AGMs and COVID-19 – Corporate Insolvency and Governance Bill Published

On 28 March 2020, the Government issued a press release stating that it would legislate to seek to ease difficulties in meeting statutory obligations for companies to hold AGMs during the COVID-19 pandemic.

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Legal update

1 June 2020 Corporate Insolvency and Governance Bill: An overview of the significant reforms to the UK’s restructuring and insolvency regime

On 20 May 2020, the UK government published the long-awaited Corporate Insolvency and Governance Bill (the Bill) to implement the temporary measures announced by the Business Secretary on 28 March 2020 and the long planned measures contained in the government’s consultation in August 2018.

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Legal update

26 May 2020 Government financial support for business in response to COVID-19

The Chancellor has set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19.

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Legal update

22 May 2020 Government opens applications for Future Fund

Q&A guide to the Future Fund scheme for supporting earlier stage businesses during the Covid-19 crisis.

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Legal update

12 May 2020 Implications of the coronavirus on leisure providers

Due to covid-19 restriction, gyms and leisure centres are temporarily closed to reduce the spread of the disease. Nevertheless, the impact this has on leisure providers is critical due to loss of income and their limited cash reserves.

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