With managing the impact of the Coronavirus pandemic taking a priority position on the agenda, understandably many employers have put the mandatory changes to Contracts of Employment implemented on 6 April 2020 on the back burner.
For many businesses the financial packages offered by the UK Government, trying to keep the economy afloat during the coronavirus pandemic, will provide much needed support and respite.
Many companies will have insurance to cover financial losses when their business is interrupted by an unforeseen event. This extends in some cases to illness; we set out below some areas for companies to consider as they grapple with the challenge of coronavirus.
Coronavirus is causing untold difficulties and strain on the life of many businesses. As a result, boards of directors across the country are being asked many unexpected questions. Details of commercial contracts, employment and HR-related issues such as furlough, and the financing of a business are all high on the agenda.
Even before the Coronavirus outbreak, you may have wondered “Do I need a Will?” or “I’m too young to write a Will”. Although most people writing Wills in the UK are older than 50, you could write a Will from the age of 18.
As retail and hospitality businesses continue to struggle in the aftermath of the coronavirus pandemic the implications of Brexit and what may be irreversible changes to our shopping and dining habits, it seems inevitable that we will see many more CVAs in this sector.
The Corporate Insolvency and Governance Bill 2020 (CIGB) is expected to be enacted at the end of June or early July and in addition to the permanent introduction of the new restructuring regime, moratorium procedure and the restriction on termination clauses in supply contracts.
Much has been written and discussed about the Corporate Insolvency and Governance Bill 2020 since its publication in May 2020 and its passage through Parliament at break neck speed.
On 24 September 2020 the government announced an extension to the temporary provisions contained within the Corporate Insolvency and Governance Act 2020 (CIGA 2020).
This is our regular round up of news for the farming community