Insights: Coronavirus (COVID-19)

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Covid-19 and Commercial Leases

Gavin Whitney |

No doubt as occupiers of commercial premises, the Covid-19 pandemic has caused numerous issues for you and your business but one of your biggest concerns is likely whether or not you can pay your rent.  The reason why this is a concern is principally due to the remedies that your landlord has if the rent […]

FCA asking courts for guidance on insurers' COVID-19 liability

Alexander Wildschütz, Bree Taylor, David Weare, Christian Charles, Ottilia Csoti, Nadia Osborne, Tim Reinhard, Alexander Sandwell |

The Financial Conduct Authority (FCA) has requested several insurers to clarify their position on COVID-19 related business claims before seeking guidance from the courts by way of declaratory judgment. The FCA aims to create authoritative case law in anticipation of a flood of disputes over policy wording and COVID -19 cover. This step will indeed […]

COVID-19: what next for Shared Service and Captive operations?

Tim Wright, Jamie Hamilton |

Faced with declining revenues, turbulent economic conditions and an uncertain future, many businesses will be looking at reducing costs and optimising business processes right the way across their organisations. Cost Reduction Areas of focus for cost take out will naturally include IT infrastructure and applications, software licensing and subscription services, as well as back-office functions […]

Coronavirus Job Retention Scheme: Chancellor’s update

Ingrid Hesselbo, Michael McCartney |

On 12 May the Chancellor Rishi Sunak set out a brief update in parliament on the future of the Coronavirus Job Retention Scheme. The scheme was set up on 26 March and supports employers by paying 80% of a furloughed worker’s pay up to a cap of £2,500 per month. The Chancellor’s recent announcement came […]

COVID-19: Corporate residence in a time of crisis - what can UK based directors of non-UK companies do now?

Gemma Grunewald |

With international travel almost a distant memory and quarantine measures implemented across the globe, directors of non-UK companies who are currently in the UK may need to take steps to ensure they do not accidentally expose the non-UK company to UK corporation tax. The UK’s corporate residency rules mean that if a non-UK company is […]

Treating Customers Fairly: FCA and PRA guidance on treating customers fairly – Impact on commercial lending market

Charles Proctor, Ottilia Csoti |

Commercial lending mostly sits outside the FCA and PRA’s scope for regulation. However, though lending to business customers is generally not a regulated activity in the UK, due to the impact of the Covid-19 pandemic on businesses and particularly on SMEs, the FCA and PRA are collecting data, monitoring and publishing updated guidance in relation […]

With a backdrop of increased cybercriminal activity due to COVID-19, the UK is taking steps to regulate the security of internet-connected devices

Tim Wright |

Enhanced threat landscape The outbreak of the COVID-19 global pandemic has forced many countries into lockdown and in turn many businesses have had to turn themselves inside out and implement work from home (WFH) on a scale not seen before. Cyber criminals have been quick to try and exploit what they see as a “golden […]

Startup fundraising in lockdown: challenges and opportunities

Jamie Hamilton |

The Covid-19 pandemic, and the global response to it, have massively disrupted almost every aspect and sector of the world economy, and venture capital fundraising is no exception. According to industry data, VC deal making in China for the first six weeks of 2020 was 60% lower than for the same period in 2019, and […]

Hidden way out for retail: Escape rooms and Covid-19

Madeleine Holding |

Most businesses have been affected by the economic impacts of Covid-19 but the pressure on the retail industry in particular has been significant. The high street is going to change as a result; some struggling retail businesses may cease trading altogether and those that survive may look to concentrate their store networks by opening fewer […]

Covid-19 – The great waiver request in REF

Gary Smith |

The Covid-19 pandemic has affected almost every corner of the economy with little if any businesses immune to the effects. The lessons learnt from the credit crunch means lenders are better capitalised and the funding undertaken with more due diligence and better structuring. The closure of a vast number of public facing non-essential businesses in […]