As transferring money has become easier than ever, an increasing number of people have fallen victim to authorised push payment (“APP”) scams. On an annual basis, APP scams are totalling more than £400 million per year in the UK alone, and,...
This coming Monday, 1 March 2021, the ‘Domestic Reverse Charge’ (“DRC”) is finally coming into effect. Under the new rules, businesses providing services caught by the Construction Industry Scheme (“CIS”) to other...
In a blog posted on 10 September 2019, ' E-signatures in commercial contracts: More clarity please ', we explained how simple contracts and deeds could be executed using electronic signatures, but recommended that lenders still ensure the current...
From 4 May 2021 individual debtors facing debt problems will be granted some legal protection from creditor actions under The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 (the...
Secured creditors will be very familiar with the concept that the floating charge contained in their security can be “crystallised”. Crystallisation of a floating charge, when the company’s ability to deal with certain of its assets freely...
In our blog posted on 16 September 2019 , we warned that the government was introducing legislation to make HMRC a secondary preferential creditor in insolvency proceedings for certain tax debts paid by employees and customers (“Crown...
In a recent global survey, 77% of businesses said that their hiring plans were impacted by COVID-19. On the surface, not great news for those in the recruitment sector. But it’s not all doom and gloom and there are steps recruitment...
The government's Code of Practice for commercial property relationships during the COVID-19 pandemic (the "Code") is designed to encourage commercial tenants and landlords to work together to protect viable businesses suffering...
HMRC recently announced that it was delaying the Domestic Reverse Charge for Building and Construction Services until 1 March 2021. The charge, which was due to be introduced on 1 October 2019 but was subsequently postponed until 1 October 2020, is aimed at...
In the recent case of Stanley v London Borough of Tower Hamlets [2020] EWHC 1622 (QB) , the judge, Mr Justice Julian Knowles, determined that it was unreasonable for Stanley’s solicitor to have served their claim by post during lockdown. The...
