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Corporate & Commercial

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Caveat Emptor: Importance of Due Diligence

What is Due Diligence? Due diligence is an important process which involves conducting thorough investigations prior to entering legally binding contacts and transactions; for instance, when buying a business. The aim of this is to enable a buyer to obtain crucial information, required to effectively assess any potential risks, and ultimately assist them in making […]

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Budget 2021 – Emerging from Lockdown 3

Chancellor of the Exchequer Rishi Sunak today set out the Government’s spring Budget 2021 as the country looks to emerge from its third national lockdown and recover from the impact of the coronavirus pandemic. The Budget focusses heavily on restarting the economy and provides a significant boost for businesses and workers struggling as a result […]

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Brexit: It’s All About The Data

As Brexit approached and passed, one important area of the deal was regarding how data that flows between the UK and the EU is going to be dealt with. So, what is the current legal position as we stand in the first couple of months of 2021? Following the expired transition period on 31 December […]

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TUPE and the Coronavirus Job Retention Bonus

If you are looking to buy (part or all of) a business in the near future, then you may be eligible to claim the Coronavirus Job Retention Bonus for any employees transferring to you who have previous been furloughed by the seller. What is the Coronavirus Job Retention Bonus Scheme (CJRBS)? This government scheme allows […]

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Service Level Agreements and Covid-19

Whilst we are still enduring uncertain times, in the mist of the Covid-19 pandemic, there are things that businesses can do to protect or reaffirm the contracts and relationships they already have or are considering entering into. When looking for services, businesses are likely to consider: The quality they want to receive; A price that […]

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COVID-19: The future of business

As we move towards the lifting of the lockdown restrictions, predicting the timing or robustness of the economic restart is somewhat akin to looking into a translucent crystal ball. What COVID-19 has done however, is provide an opportunity to clearly identify the rising trends. Life after lockdown may well have some semblance to life before […]

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The Corporate Insolvency and Governance Bill: A Summary

On 20 May 2020, the Government introduced the Corporate Insolvency and Governance Bill (Bill) in Parliament, which, through the amendment of certain insolvency and company laws, will implement measures to support businesses through the challenges that COVID-19 has inflicted. The Bill is expected to go through an expedited parliamentary process and become law in the […]

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Covid-19: Should you be considering EMI schemes at this time?

Enterprise Management Incentives (EMI) share schemes are tax-advantageous schemes used by qualifying companies to incentivise and retain key employees. As Covid-19 and future economic uncertainty result in a significant drop in turnover for many businesses, companies will continue to face difficult decisions around retaining staff. Is this the right time to consider implementing an EMI […]

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Wrongful trading laws relaxed, but directors’ duties remain

Company directors will have taken some comfort from the recent Government announcement that wrongful trading provisions of the Insolvency Act 1986 (IA 1986) will be relaxed. However, the details of exactly how the laws will be relaxed are not yet clear, and directors still need to be mindful of their duties under the Companies Act […]

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Coronavirus & Corporate Transactions: Looking to the Future

There is no denying that the Government enforced business closures and significant decrease in footfall and spending, as a result of the Government #StayHome initiative, have adversely impacted most sectors within the UK economy. This downward trend has been mirrored across the globe and reflected in the markets. Our blogs over the last couple of […]

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