COVID-19 has put many businesses in a difficult financial situation

Although the Government recognised this by pushing the Corporate Insolvency and Governance Act 2020 through Parliament to try and stem the inevitable wave of insolvencies, directors and owners cannot afford to take their eyes off the ball for a second.

Related briefings

Five myths about marriage and divorce

January typically sees a spike in divorce enquiries for many solicitors – and 2021 is expected to be no different, with the additional stresses and strains COVID-19 has placed on couples and families.

Redundancies during COVID-19: Coronavirus job retention scheme extension provides some relief

In comparison to the US, there is a stricter redundancy process in the UK. For UK businesses faced with the prospect of making 20 or more staff redundant, there is an obligation to undertake a collective consultation process, which should consider ways to avoid or reduce the number of employees to be made redundant and mitigate the consequences of the redundancies.

Commercial rent recovery: no CRAR, no problem

In an effort to lessen financial pressure on businesses, the Government has suspended Commercial Rent Arrears Recovery (CRAR) until March 2021 unless certain conditions are met.

Latest Briefings

Shall we be exclusive?

The government is currently seeking views on a very specific proposal to ban the use of exclusivity clauses in contracts where the workers’ guaranteed weekly income is less than the Lower Earnings Limit, currently £120 per week.

The implications of Maughan: the Chief Coroner’s Law Sheet #6

The new Chief Coroner, HHJ Teague QC, has just published his first legal guidance in the form of “Law Sheet 6” addressing the impact of the case of R (on the application of Maughan) v Her Majesty’s Senior Coroner for Oxfordshire [2020] UKSC 46 on coronial practice.

Meaning and purpose: how the best teams are created

The idea of “high-functioning teams” is often discussed as a hallmark of great organisations. Many organisations work hard to create the conditions where teams can thrive; where the total is greater than the sum of the parts, where team members feel compelled to contribute and work together at the positive edge of their collective performance.

Aviation: Liquidity boosted by loyalty – creative collateral

2020 was a crippling year for the aviation industry. With daily cash burn running into the tens of millions of dollars for many airlines, access to liquidity has been critical as treasury teams and fleet managers juggle expenses with decimated revenue. Many governments pledged state aid but what has been delivered to date has simply not been enough.

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