July 29, 2020
The new Corporate Insolvency and Governance Bill introduces an unprecedented level of protection to insolvent companies in supply chains. Suppliers will now be obliged to continue providing goods and services despite the fact the recipient is in an insolvency process.
July 29, 2020
The Corporate Insolvency and Governance Bill offers directors of struggling companies with some welcomed respite in regards to some of their decisions and action during the COVID-19 period. There is relief available with regards to personal liability for wrongful trading, voluntary moratoriums and restructuring options.
July 29, 2020
The Corporate Insolvency and Governance Bill introduces substantial restrictions on the circumstances when a winding up petition can be brought, to the extent that this will effectively be an unviable option for many creditors seeking to take enforcement action over the next few months.
July 29, 2020
The introduction of the new Corporate Insolvency and Governance Bill has been a far-reaching aid to businesses disrupted by the COVID-19 pandemic, although some of those measures are somewhat controversial.
July 14, 2020
Government announces temporary changes to Employee Management Incentive (EMI) legislation from 19 March 2020 to 5 April 2021.
July 10, 2020
On 27 June, new temporary regulations were published by Companies House.
June 29, 2020
True to form for a Friday afternoon, the government issued updated documentation relating to the Coronavirus Job Retention Scheme (CJRS). This time it’s a new Treasury Direction. This is the document that gives the scheme its legal effect. The “original CJRS directions”, as they are now defined, will continue to apply but they will be modified and updated by this new direction.
June 25, 2020
At the time of writing this, the Covid-19 pandemic in the UK appears to be on the decline. The R number remains under 1 and both new infected cases and Covid-19 related deaths continue to steadily decrease. Whilst there are, understandably, concerns about a “second wave”, the NHS, at least at present, has survived and not succumbed to the saturation that was, at one point, feared.
June 16, 2020
On Friday 12 June, HMRC published updated guidance in respect of the Coronavirus Job Retention Scheme.
June 9, 2020
The impact of the coronavirus outbreak has bought many changes to how our workplaces will operate now and in the future, in order to comply with government guidance and to keep people safe. Some employers will be looking at testing their employees for Covid-19 when they return to work, but many will not have considered data protection laws.
