County Court confirms pandemic rent suspension clause is normal

Since the first wave of the COVID-19 pandemic and the early rent concession discussions, landlords and tenants have been grappling with providing for future pandemics. Early thinking that pandemic disruption should be an occupier risk was made difficult by the approach of insurers to occupiers’ business interruption polices (now the subject of a Supreme Court decision). Whatever the ultimate outcome for 2020 policies, future insurance is unlikely to be the answer. So landlords and tenants have been trying to strike a balance in new lease drafting to deal with the risk of future pandemic disruption. But what is normal? What is fair?

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Tech companies: three things you should know from the 2021-22 Quebec budget

The Québec Budget 2021–2022 includes measures encouraging investment to accelerate technology adoption and strengthens several tax measures aimed at the technology sector. The three key tax measures that tech businesses and entrepreneurs should know about are discussed below.

What’s new with strata wind-ups?

A strata wind-up is an excellent way to realize the economic potential of a multi-unit residential property (the “strata”) by leveraging the value of each unit in the strata as a whole to a developer that may want to re-develop on the strata’s property. This article summarizes the onset and development of this emerging sector in light of recent case law and current events.

Strategies for commercialising your IP [on-demand webinar]

Intellectual property is just one of many considerations that businesses must factor into their growth strategies – but it should never come as an afterthought. In this webinar IP professionals give you the tips and best practices for using your intangible assets strategically as you scale your business.

Latest Briefings

Moving to the Cayman Islands

Boasting an enviable lifestyle, modern infrastructure and a highly sophisticated financial services industry and all within a short flight of Miami and other US cities, the Cayman Islands check all the boxes for individuals seeking to relocate to a tax-neutral jurisdiction. As a result, the Cayman Islands have evolved into an increasingly popular place of residence for internationally mobile “remote-workers” and high-net-worth individuals from around the world.

FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Workplace testing and vaccinations: What employers need to know

Workplace testing has proven to be a crucial piece in the UK government’s jigsaw to get British business back on its feet. But how can businesses implement a workplace testing programme and will the vaccine roll out make a difference?

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CC

Clifford Chance finalises long-term remote working plans

Clifford Chance has approved a long-term UK remote working policy, as it prepares to give its lawyers access to the upper floors of its Canary Wharf tower. Everyone at the firm will be expected to be in the office for a minimum of 50 per cent of their hours, with the remaining percentage being devoted […]

Dechert to make cuts after City secretarial review

Dechert has kicked off a voluntary redundancy scheme in its London office, as part of a wider restructuring of the secretarial function. The US firm is reviewing its secretarial support arm in the City and plans to turn the function into a hub model that will entail a set of specialist skills for its employees. […]

Linklaters partner duo exit in rare magic circle switch

A Linklaters duo have left for a magic circle rival, The Lawyer can reveal, becoming partners in its City leveraged finance practice. Allen & Overy has hired Annette Kurdian and Robert Burt. Kurdian joined Linklaters in 2001 and became a partner in 2006. As part of her practice, she advises financial institutions and alternative credit […]

Supreme Court

In court this week: Heathrow embargo, Care UK and the interchange saga

Environmental lawyer Tim Crosland faces contempt of court proceedings on Monday, after the Supreme Court’s decision on Heathrow’s third runway was leaked. Crosland, a barrister and director of eco-charity Plan B, had been among the environmental groups and local authorities that launched claims against the UK Government in attempt to block the plans. After finding […]

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