In March 2020 the Department for Business, Energy & Industrial Strategy (BEIS) proposed in its consultation paper relating to the Contracts for Difference (CfD) Allocation Round 4 that onshore wind and solar would be permitted to participate in the CfD Allocation Round 4. This marks a change in recent UK Government policy. Onshore wind and […]
Shareholders, particularly institutional shareholders and the voting advisory services that support them, have traditionally taken a strict approach to the grant of share authorities and disapplication of pre-emption rights by public companies. This has developed widely accepted levels of both share authority and disapplication of pre-emption rights, which institutional shareholders will accept and vote in […]
Overview The UK Government has announced plans for a new “Future Fund” designed to top up funding raised by early stage UK companies during the Covid-19 crisis by providing unsecured convertible loans subject to matched funding from private investors. The Future Fund is part of a total of up to £1.25bn in new funding for […]
Regulators have been prompt in responding to the Covid-19 crisis, with the FCA, FRC, LSE, Companies House and others having published advice and guidelines on a range of issues. This note outlines the guidance for listed companies regarding their reporting and disclosure obligations. To see more click here
Fladgate LLP has advised Angus Energy plc (LON:ANGS), the AIM listed independent onshore oil and gas development company, on the issue of a £1.4 million convertible loan note to significant shareholder Knowe Properties Limited. The unsecured note bears interest at the rate of 4% per annum, and is convertible at maturity after two years if not […]
Fladgate LLP has advised Hertsford Capital plc on its takeover of aquaculture products developer OTAQ Group Limited and its re-admission to and trading on the London Stock Exchange’s Main Market. Operating in strong growth market, OTAQ Group has developed products for aquaculture, offshore energy, renewable and oceanographic research, and intends to expand its product range […]
It is without doubt that these are “unprecedented times” – a phrase that we are most likely to have heard over the last few weeks and will continue to hear amid the Covid-19 pandemic. The pandemic has had a direct impact on everyone’s lives. It is particularly being felt in the legal system where law […]
A checklist of some of the issues to consider The Covid-19 pandemic and current government restrictions and guidelines have thrown up a range of issues for everyone involved with construction projects, so below is a list of issues that we have been advising on, together with some thoughts as to points that may be relevant […]
With commercial air traffic at a historic low, airlines are as keen as ever to conserve cash to last out the crisis. Aircraft owners/lessors in heavy negotiations with distressed airlines/lessees are weighing competing factors: [Click here for more]
Many businesses will be under enormous strain over coming months. In the article below, Jeremy Whiteson discusses what legal tools are available to help keep the business afloat and avoid directors’ liability Look honestly and realistically at the financial position of the company. In particular, are you able to meet immediate liabilities and, looking forward, […]
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 […]
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 […]
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