News & Views

New insolvency legislation to support UK economic recovery

The Corporate Insolvency and Governance Act 2020 (“the Act”) introduces major new measures aimed at reinforcing the rescue culture during this period of economic uncertainty. These changes will provide crucial support to the country’s economic recovery and a significant and historic change to insolvency law in the UK These wide-ranging measures are not sectors specific.  …

New insolvency legislation to support UK economic recovery

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A limited breather for directors of UK companies

Click to download a PDF version of this article. Temporary Suspension of Wrongful Trading until 31 May 2020: a limited breather for directors of UK companies In response to the COVID-19 crisis, the UK Government announced on 28 March 2020 that it intends to amend insolvency law to suspend the offence of wrongful trading by …

A limited breather for directors of UK companies

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Directors face hidden dangers in insolvency Twilight Zone

UK businesses are in an extended period of uncertainty, and corporate insolvencies are at their highest since 2014, according to the Insolvency Service. The impacts are most visible on the high street where news of established brands going under is a regular occurrence.  This is, unfortunately, only going to be accelerated by Covid-19 and the …

Directors face hidden dangers in insolvency Twilight Zone

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GDPR- Top tips two years on

On 25 May 2018 the General Data Protection Regulation (GDPR) came into effect, and was heralded as the EU’s biggest shake up of data protection regulation to date. In the run up to ‘GDPR-Day’ we were inundated with emails from businesses asking us if we wanted to “stay in touch” and asking us to re-consent …

GDPR- Top tips two years on

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Pre-pack administration for the retail sector

With the recent collapse of a few retailers, including House of Fraser earlier this month, and retail parks and shopping centres changing their business structure and appearance with the rise of online shopping, it is time to remind ourselves of what a ‘pre-pack’ can offer to retailers when things go wrong. What is a pre-pack? …

Pre-pack administration for the retail sector

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The Supreme Court rules on the need for variations to be agreed in writing

In a decision last week (16 May 2018), the Supreme Court held that a variation clause (also known as a no oral modification (NOM) clause) is legally effective, restoring the order of the County Court which had been overruled by the Court of Appeal. Variation or NOM clauses are commonplace in contracts for various reasons …

The Supreme Court rules on the need for variations to be agreed in writing

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