The last six months have been challenging for most. Tenants have especially faced difficulty whereby they have been unable to meet rental payments. The Government has therefore issued guidance with the primary purpose being to protect private and social tenants by delaying when landlords can issue proceedings to evict. The Coronavirus Act 2020 (‘the Act’) …
Tag: coronavirus
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. …
How the furlough scheme is changing
What is clear from the Government’s latest announcement is that from August 2020 they will be asking employers to start to share the burden of paying furloughed employees on a staggered basis. What this means in practice is: Up until the end of the July 2020: The Government will continue to pay 80% of wages …
Lenders reopen for business
When the coronavirus lockdown was announced, several banks and building societies pulled mortgage deals or only offered loans to those with large deposits to move away from riskier lending. Just last week Nationwide, Halifax, Virgin and Santander lifted restrictions to make it easier for people to qualify for a loan. Nationwide stopped offering deals above …
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 …
Sherrards: Our latest on the Coronavirus Pandemic
Sherrards solicitors & friends of the firm share their articles, legal advice & tips on what the impact of Coronavirus (Covid-19) will be for you and your business. See our latest Coronavirus (Covid-19) articles, podcasts & webinars by following the link below. We have also pulled in friends of the firms’ helpful articles to …
Back-dooring: An overview for recruiters
Backdooring: As the pandemic continues to suffocate the economy, recruiters are facing an even tougher time when it comes to collecting payment of fees. Clients are exploiting any and every possible way to avoid having to part with money and the classic “back door” scenario is something that seems to be cropping up more than …
Furloughing Employees: Latest Updates
Click to download PDF version of this article. Until a few weeks ago, the concept of “furloughing” staff was a foreign one for UK employers. Now, however, it’s the hot topic on everyone’s lips. As you are probably aware, the furlough provisions are part of a range of measures introduced by the Government to help …
Coronavirus: our advice to employers
Partner and Head of Employment, Mark Fellows, recently spoke on BBC3 Counties Radio about how employers can take steps now to mitigate risks against Coronavirus (Covid-19), you can listen by clicking here (skip to 2:10:30 to hear Mark’s 5 minute slot). With the number of people infected with Coronavirus in the UK on the increase, …
Stranded in the UK?
Click here to download this article as a PDF. Stranded in the UK and the consequences for tax residency and domicile. Widespread restrictions on travel and the closing of some borders as a result of the current pandemic have left many individuals stranded in the UK unable to return home. Although we have entered into …