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Court applies CIGB prior to enactment

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.

Employment news update: May / June 2023

This month's update reports on the three Private Members' Bills that have received Royal Assent; recent government guidance issued on ethnicity pay gap reporting; a review of the current whistleblowing framework; the proposed creation of a new corporate criminal offence of failure to prevent fraud within the Economic Crime and Transparency Bill; and a two case updates, one dealing with a discrimination claim, and the other, holiday pay.

Further protection for tenants

As we await publication of the Corporate Insolvency and Governance Bill which is expected to include details of the new moratorium procedure and changes to wrongful trading provisions, in a surprise announcement on 23rd April 2020 the government confirmed that the Bill would also include further measures to protect commercial tenants from aggressive debt collection by landlords in respect of rent arrears which have accrued directly as a result of the coronavirus pandemic.

Opportunities in Uncertain Times

As companies digest the plethora of negative news around the state of the UK market, it is easy to set our mindsets into “weather the storm” mode. However, is this actually a time for bold moves to push growth? Some experts determine that economic uncertainty, even downturns, can present the best opportunities for growing your business while others are hunkered down. Our corporate team give some insights to areas where companies that are strong strategically and financially can leverage opportunities to grow, and discuss where there may be increased opportunities for those who are already considering a managed exit.

Complex reorganisation of company interests and property assets

Working alongside a tax advisory practice, we acted for individual clients on the implementation of a complicated tax-efficient reorganisation of a property company where there had been a shareholder falling out.

Law firm advises on major buy-out

A vendor initiated management buy-out has been completed at an historic manufacturer and installer of swimming pools as the company plans for the future.

Wright Hassall announces seven promotions

A leading law firm based in the Midlands has announced seven promotions across the business, including promoting two new partners.

Indian group moves for Warwick technology specialist

ASM Technologies has acquired Semcon Engineering UK Limited, which is based on Edgehill Drive in Warwick and is a division of Swedish company Semcon.

Directors can be liable for company’s litigation costs

Litigation is expensive. In the absence of very deep pockets, or litigation insurance, there is the possibility of directors becoming personally liable for a company’s litigation costs if the company loses the action.

Problems at Greyfriars Asset Management LLP

In November 2016 Greyfriars Asset Management LLP was hit with a section 166 notice from the Financial Conduct Authority (FCA) (section 166 of the Financial Services and Markets Act 2000, commonly referred to as a Skilled Persons Report).