Extraordinary times mean changes to how transactions are done are inevitable.
This article looks at the appointment of alternate directors as a strategy to help manage some of the practical issues arising from COVID-19 measures. It also looks at the use of delegation tools to ensure the smooth conduct of business.
The COVID-19 pandemic and associated restrictions place unprecedented difficulties on Isle of Man registered charities holding their Annual General Meeting (AGM). Due to the recent implementation of measures regarding social distancing, isolation and restrictions on travel and movement, the logistics of a charity holding an AGM in the usual manner is not possible. The Isle of Man Attorney General has issued some guidance to assist Manx charities over the coming months.
The Minister for Economic Development, Tourism, Sport and Culture has published Guidance relating, principally, to rent and other payments to be followed by Landlords and Tenants of Commercial Property during the COVID-19 Period. The Guidance applies to any lease, tenancy, or other agreement which provides for the occupation of commercial property.
As part of a raft of new legislation to address the far-reaching impact on society of the Covid-19 outbreak, the States of Jersey have enacted the COVID-19 (Residential Tenancy) (Temporary Amendment of Law) (Jersey) Regulations 2020. The Regulations, which apply to all residential tenancies, came into force on 10 April 2020 and the measures introduced […]
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 […]
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.
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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 […]
As part of its plan to get the firm’s most senior staff back in the office, JMW Solicitors has been testing its equity partners for coronavirus antibodies, The Lawyer can reveal. The Manchester-based firm, which also has offices in London and Liverpool, recently organised a round of antibody testing for all 17 of its equity […]