What do the new insolvency guidelines mean for construction contractors?
On 25 June 2020, the Corporate Insolvency and Governance Act 2020 introduced some of the most transformative changes seen in insolvency since the Insolvency Act 1986.
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On 25 June 2020, the Corporate Insolvency and Governance Act 2020 introduced some of the most transformative changes seen in insolvency since the Insolvency Act 1986.
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.
Whilst the Trade and Co-operation Agreement offers some significant free trade benefits, it represents a profound change for British businesses and their trading arrangements.
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.
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.
As one of the hardest-hit sectors of 2020, the construction industry has been forced to adapt to survive, potentially changing the shape of construction in the long run.
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 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.
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.
The legal workplace looks a lot different since 2020. In the span of just weeks last year, law firms – along with many other professional organisations – made the kinds of workplace transformations that would have otherwise taken decades.
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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