Notice Pay during Furlough Leave The latest Treasury Direction for the furlough scheme, updated on 26 June 2020, could modify the effect of the Coronavirus Job Retention Scheme. New wording at paragraph 2.2 may be interpreted to suggest that notice pay cannot be claimed through the scheme. With retrospective application, employers require clarification from HMRC […]
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) was given royal assent on 25 June 2020 and has introduced a number of measures which will need to be considered by Landlords in situations where tenants are in arrears regarding sums due under a lease. The relevant provisions of the Act for Landlords are […]
The Committee on Climate Change’s 2020 report to Parliament calls on the government to redouble its efforts and expands on its May 2020 advice to the Prime Minister in which it set out the principles for building a resilient recovery. The report highlights five clear investment priorities.
Businesses are revolutionising the way they think about and do their business. Many employers recognise that companies have a crucial part to play in environmental, ethical and social challenges. The idea is that engaging with stakeholders in a meaningful way on such matters will create shared and sustained values – and will ultimately lead to greater success (and therefore profits) for the company. This concept is known as “stakeholder capitalism”.
At the end of June, the government unveiled the £200 million Sustainable Innovation Fund to help innovative businesses bounce back following the Covid-19 pandemic. On 27 June 2020, the government launched the Sustainable Innovation Fund to drive forward cutting-edge new technology following the coronavirus crisis. The fund is intended to develop new sustainable opportunities for […]
TLT’s update on all issues affecting the social housing sector.
By Gavin Pearson In this video, Quantuma’s Forensic Accounting & Investigations partner Gavin Pearson looks at business valuations and the impact the recent COVID-19 crisis has had on the value of private companies and shareholdings.
The Government of Jersey has published its response to a consultation on the potential introduction of a general vertical arrangements block exemption, together with a summary of feedback received.
In this podcast, Quantuma’s Frank Wessely discusses Insolvency within the UK Energy Supply Sector.
The Private Funds (Amendment) Law, 2020 came into effect on 7 July 2020 and serves to clarify the types of investment vehicles which will be required to register with the Cayman Islands Monetary Authority (CIMA) by a deadline of 7 August 2020 pursuant to the Private Funds Law.The Private Funds (Amendment) Law, 2020 came into effect on 7 July 2020 and serves to clarify the types of investment vehicles which will be required to register with the Cayman Islands Monetary Authority (CIMA) by a deadline of 7 August 2020 pursuant to the Private Funds Law.
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Despite having endured a long period of disruption caused by the pro-democracy protests in 2019, Hong Kong has remained the largest legal recruitment market in Asia, The Lawyer Asia Pacific 100 2020 report reveals. This year’s Asia Pacific 100 report, which came out on Monday, shows that 33 per cent of the Top 30 global […]
A team from Weil Gotshal & Manges is advising US clothing retailer Brooks Brothers as it files for Chapter 11 bankruptcy protection. The US firm has taken legal duties as the company officially started the proceedings in the United States Bankruptcy Court for the District of Delaware yesterday morning. Alongside the firm is Delaware-based Richards Layton […]
After providing the City with a trading update this morning, DWF is now entering the early stages of a consultation process in its UK operations. The consultation affects professional staff in its business services division. It is understood that the exercise puts around 15 to 18 positions at risk. The latest set of redundancies follows significant […]
The operations discontinued by DWF in the last 12 months generated a loss of £4.5m, the firm said today in its recent trading update to the City. Alongside this, DWF confirmed its revenue has grown by 12 per cent to over £300m, in a turbulent end to the year that also saw a switch-up in […]
The Central Housing Investment Consortium (CHIC) of social housing providers and local authorities has appointed 22 firms to its new £15m panel. The contract is divided into three lots; corporate, governance and finance, housing and asset management, property and development across England and Wales. Firms that have been added to all three lots include Bevan […]
The Government Legal Department (GLD) spent £11.8m on external law firms and counsel in the first five months of the year, according to a Freedom of Information request submitted by The Lawyer. The GLD confirmed it has used 49 firms in total between the start of 2020 and 22 May, with a large proportion of […]