Insights: March 2020

Fladgate LLP has advised Fiinu Ltd, a UK-based AI start-up on its £1.7 million seed investment round led by prominent early stage venture capital investor Kindred Capital. Founded by doctoral-candidate Marko Sjoblom, Fiinu’s vision is to fill a significant funding gap caused in part by regulatory changes in the overdraft market. Fiinu aims to achieve […]

The recent outbreak of coronavirus has had devastating effects on the UK’s hotel and hospitality industry. As of 23 March 2020, the UK government has ordered closure of all hotels, hostels, B&Bs, campsites and boarding houses for commercial use, citing the following exceptions: where people live in these as interim abodes whilst their primary residence […]

The Coronavirus Act 2020 (“the Act”) received Royal Assent on 25 March 2020, meaning that it is now in force. The Act will have implications on a landlord’s ability to obtain possession of residential property. We summarise here the Act’s implications for residential tenancies. Notice Periods and Possession Proceedings The Act extends the notice period […]

Writing an article about Coronavirus (or Covid-19) and leases is causing me a degree of trepidation. I am aware that the situation around us is developing so rapidly that this article may well be out of date by the time it goes to print. I am also aware that a lot of ink has been […]

In his recent newspaper column the businessman and restauranteur, Luke Johnson, described the insurance industry’s response to the Coronovirus as “deserting the battlefield at the first whiff of cordite“. He calls this “reprehensible behaviour” by insurers who, he says, are “denying any liability under business interruption policies”. It is a difficult and emotive time for […]

Good cybersecurity management is important to minimising risks and maintaining business continuity in current climate. With remote / home working the current norm, organisations have to keep systems and data secure to minimise the risk of becoming victim of a cyberattack. Prevention is best when it comes to protecting your data and here are some […]

Schools, universities and other educational providers, as well as students and their families, are facing serious disruption resulting from the coronavirus pandemic. The EdTech sector already offers a vast array of possible solutions. To harness this potential in the medium-longer term, it is clear that suppliers need to be able to rise to the challenges […]

The COVID-19 situation is rapidly evolving. As countries around the world act to try and stem the contagion, businesses face serious disruption to their supply chains. In recent years, supply chains have become increasingly global, frequently supporting just-in-time and similar manufacturing techniques, and are often complex with component parts crossing borders at various stages of […]

As a result of Covid-19, extensive travel restrictions have been imposed globally and individuals everywhere are being told to self-isolate at home. For some of our clients, this may have an impact on their UK residence days for the current tax year under the UK statutory residence test. The UK uses the statutory residence test […]

The Fladgate Insolvency and Restructuring team have been advising clients with the understandable desire to conserve cash. If not handled correctly, your efforts to negotiate terms with suppliers and staff could in fact increase the liabilities of the business, restrict the company’s ability to oppose a winding up petition and leave you personally exposed for […]

Yesterday, 24 March 2020, the Home Office released additional guidance for UK visa applicants and temporary UK residents affected by the coronavirus (COVID-19) pandemic. Whilst on first review this was good news for some, there are still many issues which remain unaddressed and queries regarding the implementation of these provisions which will need to be […]

The Covid-19 situation is rapidly evolving throughout the UK. In order to assist businesses and their employees, the Government has introduced various schemes in the form of loans, grants and referrals to alleviate pressures over the forthcoming months. Corporate partner, Anthony Shatz, provides a concise summary and analysis of each of the available schemes here. […]