Business

Rishi Sunak’s ‘mini budget’

By Georgina Kyriacou

· The chancellors announcement on the 8 July provided a series of incentives and schemes to further help struggling companies and to support the UK’s economic recovery from COVID-19. ·…

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Rishi Sunak expected to announce stamp duty holiday

By Sophie Maryan

· Chancellor Rishi Sunak is expected to announce a six month stamp duty holiday on Wednesday. · Sunak’s rumoured proposal will exempt many homebuyers from paying Stamp Duty Land Tax…

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COVID-19 (Coronavirus)

By Andrew Fishman

The health, wellbeing and safety of our colleagues, their families and our clients will always be our top priority. We continue to focus on measures to keep our staff safe…

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The Corporate Insolvency and Governance Bill

By Georgina Kyriacou

· The Corporate Insolvency and Governance Bill is said to be the ‘biggest change to the UK’s insolvency and restructuring framework for almost twenty years. · In line with this,…

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TENANT FEES ACT 2019 TRANSITION PERIOD HAS NOW ENDED

By Dee Puckering

· The Tenant Fees Act bans letting agents from charging letting fees and caps tenancy deposits paid by tenants in the private rented sector in England. · This ban on…

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Corporate Insolvency and Governance Bill introduced to help businesses during pandemic

By Georgina Kyriacou

• The Department for Business, Energy and Industrial Strategy (BEIS) announced the introduction of the new Corporate Insolvency and Governance Bill on Wednesday 20 May. Under the Bill: • Temporary…

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RESIDENTIAL POSSESSION PROCEEDINGS AND THE IMPLICATIONS OF THE CORONAVIRUS 2020

By Daniel Glinert

The Coronavirus Act 2020 came into force on 25th March 2020. It was implemented by a Practice Direction and included provisions intended to protect both landlords and tenants during the…

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Government announces Bounce-back Loans Scheme

By Georgina Kyriacou

• On 27th April, Chancellor Rishi Sunak announced the new Bounce Back Loans scheme that will provide loans of up to £50,000 to small businesses. • The fast-track finance scheme…

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Corporation Tax now applies to non-resident companies owning UK real estate

By Harry Pattihis

• From 6th April 2020, non-resident companies that own UK real estate will no longer pay income tax on their UK rental income but will instead be subject to Corporation…

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Due to Covid-19, can parties mediate by telephone?

By Geoff Mendelsohn

· During the Covid-19 pandemic, it should be considered how businesses can collect aged debts or de-risk by settling disputes. · Mediation could be used to address your urgent needs,…

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The effect of Covid-19 legislation on permitted development

By Gemma Sullivan

· All businesses, except a small number of essential services like supermarkets and pharmacies, have been forced to close by the government because of Covid-19. · The government has temporarily…

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COVID-19: Can my employer force me to take holiday if I can’t go anywhere?

By Zoe Michael

During these uncertain times, many employees/workers will want to cancel their annual leave as they are unable to go anywhere. This may contradict the commercial needs of an organisation who…

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Restructuring your company

By Arthur Fernandes

In this economically difficult climate, directors and shareholders may well need to undertake some kind of restructuring procedure in order to remain viable. Consider a restructuring under section 110 of…

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COVID-19 (Coronavirus)

By Philip Ross

We are living in unprecedented times with a crisis affecting us in a way we have never before known. Our firm’s absolute priority is of course the health and wellbeing…

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Business continuity plans to be implemented in the event of closures or disruptions as result of COVID-19 (Coronavirus)

By Philip Ross

We would like to reassure clients that we have business continuity plans in place which we will implement if the guidance from the Government enforces any shutdowns or business closures…

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MIPIM 2020

By Alicia Pattihis

Alicia Pattihis, Gemma Sullivan and Sophie Maryan will be attending MIPIM, the leading real estate market conference. Please get in touch if you are interested in meeting.

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Cooking up a Storm:  Chaos across the globe!

By Philip Ross

Thomas Cook (founded in 1841) and being one of the oldest and well-known holiday brands has “ceased trading with immediate effect.” This note will examine the legal effect on both…

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Budget 2018: Entrepreneurs’ Relief

By Georgina Kyriacou

In the October 2018 Budget the Chancellor announced two new changes to the definition of a personal company for Entrepreneurs’ Relief (ER). For disposals on or after 29 October 2018,…

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Bank of England needs freedom to set tougher rules, says Mark Carney

By Arthur Fernandes

Mark Carney, the governor of the Bank of England, told MPs that as the Bank of England must regulate the “most complex financial system in the world”, the UK must…

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Small and medium-sized enterprises: European Parliament adopts Resolution on the definition of SMEs

By Max Lesser

The European Parliament (EP) plenary session adopted an own-initiative Resolution on the definition of SME’s. The definition of SME’s is referred to in around 100 EU legal acts. The definition…

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European Union (Withdrawal) Act 2018 receives Royal Assent

By Harry Pattihis

The European Union (Withdrawal) Act 2018 (EUWA) received Royal Assent on 26 June 2018. The legislative framework for the UK’s scheduled withdrawal from the EU on 29 March 2019 will…

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Court rules that secure lender unreasonably withholds consent to disposal of property

By Philip Ross

In Crowther and another v Arbuthnot Latham & Co Ltd [2018] EWHC 504, the High Court determined that a secured lender had unreasonably withheld its consent to a disposal of…

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UK to become powerful, independent player in international trade

By Harry Pattihis

A report setting out the steps that would help the UK became a powerful, independent player in international trade was published by the Institute for Government on 17 May 2017.…

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UK to become the most transparent place to do business in the world

By Max Lesser

Companies House published a business plan for 2017-18 and strategic plan for 2017-2020 which established its commitment to helping the Government make the UK the most transparent place to do…

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