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 […]
As in the Canary Wharf case last year where the Supreme Court refused to frustrate the European Medicine Agency’s lease because of Brexit, for frustration to arise: (a) the contract must not have allocated the risk of the particular event; (b) there must have been a radical change in circumstances; and (c) the radical change […]
The Government (HMRC) last night published further details on the Coronavirus Job Retention Scheme (here) set up to support employers by paying 80% of a “furloughed worker’s” pay up to a cap of £2,500 per month. This provides clarity on a number of points following the Chancellor’s initial announcement last Friday and will be welcome […]
In his recent column 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 […]
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 […]
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. […]
As companies scramble to adjust to the new reality of trading in a socially-distanced world, many have wanted to get the message out to their customers that it is “business as usual” (or as near-to as possible). In such unprecedented times (and encouraged by such consumer-targeted emails they may have received over recent days), businesses […]
Even before the current pandemic, as enterprises have adopted techniques and practices such as digital transformation, cloud and mobility, they have faced an increased risk from a range of established and emerging cybersecurity threats, such phishing attacks which seek to introduce malware capable of compromising sensitive business information, ransomware and other fraud campaigns. The risk […]
Although the COVID-19 outbreak has been devastating for many businesses, certain industries such as the gaming and esports sectors may not be as badly affected as others. Social distancing means that, whilst many businesses are suffering from a lack of people visiting their bricks and mortar outlets, the gaming and esports industries are seeing record […]
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