In light of the Corona Virus pandemic a temporary insolvency practice direction has been introduced from April 2020 and will remain in force until 1 October 2020, unless revoked or amended. Key considerations to note are: Filing notice of intention to appoint an administrator and notice of appointment of an administrator: Subject to exceptions, where […]
Introduction Taking a look at the workings of the UK corona virus furlough scheme within Premier League Football Clubs and of football players. The news of football clubs furloughing its employees has been met with backlash. There has been negative reaction to football clubs implementing the government’s measures to assist businesses during this time, especially […]
As part of its temporary measures to combat the effects of the Corona Virus on business, HMRC has agreed to defer VAT tax payments to aid cash flow. Know your rights to ensure you benefit: All businesses that are registered for UK VAT have the option to defer VAT payments due between 20 March 2020 […]
As the Corona Virus pandemic spreads, businesses in the UK are understandably concerned, with the government requiring the closure of all businesses where social gatherings take place, such as restaurants, pubs and gyms. Widespread travel bans, a fall in oil prices, and drop in trade demand globally has led to many employers in the travel, […]
Ranking of a creditor’s interest against land is crucial to the order of priority of distribution of assets in the event of a debtor’s insolvency. The statutory order of priority shall apply to how the insolvent’s assets are distributed to satisfy its creditors. The statutory Order of Priority is broadly in the following order: 1. […]
Entrepreneurs’ Relief reduces the amount of Capital Gains Tax (CGT) on a disposal of qualifying business assets on or after 6 April 2008, as long as you’ve met the qualifying conditions throughout a two-year qualifying period either up to the date of disposal or the date the business ceased. To claim Entrepreneurs’ Relief you have […]
22 year-old Kylie Jenner, who’s Twitter following is at 29m and Instagram at 150m and counting, has sold 51% of her Cosmetic’s company to Coty Inc., in a deal that leaves her with a retained 49% stake and $600m in the bank. The Cosmetic’s company was only started in 2015 and within just three years […]
To put it in simple words, an injunction is a court order to one or different parties that either refrains the person from doing something or requires him to do certain tasks. The sole purpose of issuing an injunction is to prohibit a certain party from performing activities that can cause irreparable harm to another […]
With Brexit playing out in Parliament before us and the question of deal or no deal looming, it pays to be prepared no matter what the outcome. Here are 10 steps that you can take to prepare for a no deal Brexit. 1. Check your website, domains and technology providers – do you use services […]
As a landlord, when a tenant refuses to leave or there is dispute over termination of tenancy, one must tread carefully to ensure that the tenancy is terminated pursuant to the contract and the act of taking back possession is carried out lawfully. Without agreement by your tenant or in the event of trespassers, taking […]