Overview COVID -19 has already had an impact on construction projects and will continue to do so. If a site is closed or the works on site are delayed due to late delivery of materials or reduced workforce what relief is the contractor entitled to? Ultimately, this will depend on… Continue reading →
We are starting to see situations arise where completion of real estate transactions and in particular sales and purchases and agreements for lease, could be delayed because of the COVID-19 virus. The following (and this list is by no means exhaustive) could delay or prevent completion: Contractors leaving building sites… Continue reading →
The increasing disruption caused by the Covid-19 pandemic is forcing many companies to consider the viability of their contracts and where necessary seek to mitigate losses. One option may be rights or relief granted under a force majeure clause; these typically allow the cancellation or suspension of the contract, or excuse… Continue reading →
The changes? On Saturday, during the Government’s daily Coronavirus update, it was announced that it would shortly legislate to: temporarily suspend wrongful trading rules under the Insolvency Act 1986, so that directors are not personally liable for doing as much as they can to save companies and jobs during the… Continue reading →
We have already seen landlords and tenants working together in positive and collaborative ways to keep business fluid and minimise the impact of the current crisis on either party. We all await further news of potential legislative intervention to assist the property sector and will be ready to offer guidance… Continue reading →
The full consequences of the spread of Coronavirus on businesses, individuals and communities is at present unknown but unfortunately likely to be wide-ranging. We set out below some practical steps/considerations for businesses and individuals to try and minimise their risk as far as possible in these uncertain times. 7 Top… Continue reading →
The Coronavirus outbreak means mass gatherings should be avoided, but what about companies who already have plans in place for their annual general meetings of shareholders (AGMs)? Is it possible to have an AGM remotely? In July 2016 Jimmy Choo PLC became the first UK listed company to have an… Continue reading →
On Friday the Chancellor announced a series of new “unprecedented measures, for unprecedented times”, building on existing announcements by dramatically expanding the government support to the economy in response to the rapidly evolving COVID-19 disruption. These measures are: Job Retention Scheme to pay 80% of salaries of existing employees if… Continue reading →
Please see the following announcement: https://www.gov.uk/government/news/complete-ban-on-evictions-and-additional-protection-for-renters#history Many of you may already have seen this announcement which relates to the eviction of residential tenants (including, it appears, on a ‘no-fault’ basis i.e. a s.21 notice). We await the legislation for the specific detail but the key points are: Emergency legislation will… Continue reading →
There is a plethora of COVID-19 related advice on the internet and you may be suffering from information overload. Any detailed note that we do on the current position is likely to be out of date as soon as pen hits paper. So to keep it brief: If we can… Continue reading →
