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Furloughing and EMI schemes: unexpected consequences for option holders and their employers

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EMI schemes

Enterprise Management Incentive (EMI) option holders who have been furloughed by their employers may be facing tax issues, warns our Corporate team.

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Business alert: Guidance on virtual board meetings

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Video meeting

The Chartered Governance Institute (“ICSA”) has published guidance for companies on holding virtual board meetings.

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Business alert: ICSA issues further guidance on AGMs during the coronavirus outbreak

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AGM during coronavirus

The Chartered Governance Institute (“ICSA”) has now published further guidance for listed companies on holding valid AGMs in light of the government imposed stay at home measures.

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Coronavirus Business Interruption Loan Scheme: what is it and will it work?

Author headshot imagePosted by , Senior Associate

The Government’s Coronavirus Business Interruption Loan Scheme (CBILS) is intended to provide loans, overdrafts, invoice finance and asset finance to smaller business affected by the Coronavirus, but will it go far enough?

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Will unicorns have virus immunity? And other predictions from our M&A lawyers

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M&A lawyers' predictions

With City A.M. reporting that dealmaking activity in the UK has unsurprisingly slumped in response to the effects of the global coronavirus outbreak, what does this mean for buyers, sellers and funders currently involved in transactions in the UK?

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Business alert: Coronavirus and Stamp Duty – new HMRC guidance issued

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New HMRC guidance issued

HMRC has announced a change to its process for stamping stock transfer forms and form SH03s and the payment of stamp duty.

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Coronavirus: Corporate governance and directors’ duties

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Directors' duties

In the midst of the unprecedented challenges facing companies, boards of directors around the UK are considering their personal responsibilities as directors and the corporate governance processes their companies have in place. The Corporate team here are Royds Withy King are being consulted by a number of boards at the moment and James Worrall, a partner in the South West team, shares some of his experiences and advice below.

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Business alert: Companies House extends accounts filing deadline

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Companies House

Companies House have updated their policy so that if accounts are not able to be filed on time due to the company being affected by Coronavirus, the company may make an application before their deadline to extend the period allowed for filing. Upon application, the company will receive an automatic and immediate 3 month extension to file their accounts.

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Coronavirus: will it wreck the sale of your business?

Author headshot imagePosted by , Senior Associate

The coronavirus implications are particularly acute for those who are trying to sell a business in an affected sector, such as travel, leisure, hospitality or entertainment.

The legal position depends on what stage the sale process has reached.

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What’s in the DNA of an NDA?

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Harvey Weinstein faces up to 25 years in prison after being convicted of offences including third-degree rape. Further charges are expected; Weinstein maintains his innocence and plans to appeal.

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Death of a company director – what happens next?

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Succession planning is critical for any company. In the unfortunate event that a director dies, often the surviving directors are able to step in and run the company, sharing out the responsibilities of the deceased director between them. But what happens if a sole company director dies and the company’s articles of association do not set out a procedure for what happens next?

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The PSC regime – a misstep in company regulation?

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Since 1 April 2016 companies have been required to hold and maintain a register of people with significant control (PSC Register). Failure to provide accurate information on the PSC Register and failure to comply with notices requiring someone to provide information are criminal offences, and may result in a fine and or a prison sentence of up to two years.

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