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 […]
If you are a landlord or a tenant under a lease protected by the 1954 Ac, as the end of the contractual term of your lease approaches it is not unusual for you to find yourself at risk of being involved in lease renewal proceedings. This type of proceedings can be issued by a landlord […]
Buying or selling a property can be one of life’s most difficult challenges. Whether or not you are a first time buyer or seasoned pro, the process can be stressful and throw up surprises that you did not expect. It is one of life’s adventures and challenges, where it pays to invest a little more […]
Part I – What to assume You may currently have a lease, or have taken a lease in the past, with a term of 10 years or more. If so, it is very likely that the lease contains provision for the rent to be reviewed at some point (most likely at the end of the/every […]
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 […]
In these unprecedented times, all loan deals are being stress tested. Both borrowers and lenders alike have their own issues from meeting payment obligations and satisfying financial covenants to liquidity ratios and revaluing portfolios. From a borrower’s perspective, generally speaking force majeure clauses don’t appear in debt finance documents. If they don’t then under English […]
The Chancellor on Friday announced a new Government Coronavirus Job Retention Scheme to enable employers to obtain a reimbursement of up to 80% of “furloughed workers” wage costs, up to a cap of £2,500 per month. As always with Government announcements details are sparse and we will have to wait for the details. It is […]
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 […]
The Aviation (Enforcement and Recovery) team has been advising clients on issues arising from the current crisis. Three main themes emerge from the current challenges in the airline sector: 1.) Airline insolvency risk. A number of leasing companies have claims for unpaid rent and maintenance rent. These claims can be pursued by: applying security deposits […]
At the time of writing, the UK is officially moving to the “delay” phase, with government advising that anyone with a new, continuous cough or a high temperature self-isolates for at least 7 days. With the FM sector already facing some headwinds such as the fallout of Carillion and other high profile insolvencies, the prolonged […]
In a recent move by UK government (which will provide some comfort for the hospitality industry in the wake of potential losses from lost bookings and revenue in the wake of the coronavirus outbreak), Covid-19 will now be formally classified as a “notifiable disease” for insurance purposes. Under the terms of the Public Health (Control […]
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