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The importance of shareholders' agreements when things go wrong

Eleanor Waters
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COVID-19 business disruption opens up the potential for disputes and disagreements between shareholders and directors. In the event that ‘things go wrong’, it is important that companies have a clear process to follow and a legally binding...

Disguised problems for businesses facing adjourned winding-up petitions?

Tim Francis
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  With much-needed emergency legislation and guidance still on the horizon, the High Court conducted its first remote hearings of the Companies Court Winding-up List yesterday. We heard last week that the judiciary had postponed list hearings by...

SME businesses and government rescue packages

Stephen Downie
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For most companies the government rescue packages at first blush appear an extremely welcome relief – employees’ jobs are secured, directors are protected from any wrong decisions made in these times of uncertainty and creditors are prohibited...

Government changes to insolvency law not as clear-cut as they seem

Tim Francis
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  Domestic business has already been severely impacted by the spread of the Coronavirus. With ministers announcing that restrictive ‘lockdown’ measures may well persist for up to six months, the government has been forced to consider...

COVID-19 UK tax deferral scheme announced

Eleanor Waters
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 On 26 March 2020 HMRC released further guidance on the COVID-19 VAT deferral scheme .   The VAT payment deferral period will apply from 20 March 2020 until 30 June 2020. VAT payments due in this period will be deferred for all businesses with a...

Companies House's accounts filing extension

Carly Moore-Martin
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Companies House announced yesterday that it was giving businesses an additional three months to file their accounts to help them avoid penalties as they deal with the impact of COVID-19.  This will come as good news for many, but there are several key...

Who qualifies for the Coronavirus Business Interruption Loan Scheme?

Chris Willison
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  The Coronavirus Business Interruption Loan Scheme (CBIL Scheme) was announced by the chancellor on 11 March and is available to businesses with a turnover of up to £45 million. It aims to support those SME businesses that were trading...

Can construction sites stay open?

Roxanne Antonio
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While we all patiently await government announcements each day, the current official advice from housing secretary, Robert Jenrick, in respect of construction sites is that they can remain open provided the guidance from Public Health England on...

Will my Court hearing still go ahead?

Sue Brumby
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  Many clients are asking whether hearings fixed to take place over the next few weeks will still be taking place. The answer to that depends on what kind of hearing you have but, where possible, the Court’s protocol is to hold hearings...

How to continue executing legal documents and variations when everyone is working remotely

Chris Willison
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  A lot of our banking, finance and borrower clients are asking us how they can continue executing documents and variations as deeds or contracts in the current crisis when it is not possible for parties to sign in person or for those signatures to be...

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