At Royds Withy King we are still able to serve all your legal needs during the Coronavirus pandemic. Find out more.
Despite the ongoing challenges faced by UK businesses, as lockdown measures ease and businesses start to re-open and adjust to a new way of working, directors across all sectors will be looking ahead and need to maintain a ‘hands on’ approach to considering, implementing and communicating key decisions.
In a recent decision (Bresco Services Limited v Michael J Lonsdale  UKSC 25) the Supreme Court has held that an insolvent company retains the right to refer a dispute to adjudication, and only in ‘very exceptional circumstances’ should the court restrain the exercise of that right.
With the recently announced Corporate Governance and Insolvency Bill introducing a temporary suspension of wrongful trading actions, our Corporate team outline other potential claims that may be brought against directors of an insolvent company.
Many businesses are being denied business interruption insurance payments, but are there any other avenues that could be investigated? Could the best place to start actually be how, or where you bought the insurance in the first place?
There has been a lot for private equity (PE) funders to deal with in the wake of the Covid-19 pandemic. Understandably short-term focus has been on supporting existing portfolio companies, but the expertise and resilience of PE funders (and their advisers) combined with a strong appetite to do deals means that PE-backed buy-outs and bolt-on acquisitions are likely to have a central role in the drive towards recovery.
John Nevin from our Employment team explains what has changed with the Coronavirus Job Retention Scheme (CJRS) and gives some practical guidance for employers to consider.
In this second part of our return to work series, we examine some of the issues which employers may experience in asking people to return to work and risks of which they need to be aware.
Royds Withy King have advised long time client, £1.5bn asset under management wealth management group Fidelius Financial Holdings on a complex deal leading to the creation of a powerful new strategic partnership with Pacific Asset Management (PAM), the core asset management business of Sir John Beckwith’s Pacific Investments.
The UK construction industry has shown its metal in a time of crisis over the last few months by pulling together and working cohesively to achieve common goals.
The Coronavirus has challenged us like nothing before and the operational strain is more than anyone should have to bear. Unfortunately, the legal reverberations from this pandemic could go on for some time, even after we have controlled the spread of the virus.
With approximately 8.4m jobs furloughed, roughly ¼ of the total jobs in the UK, and 1m employers furloughing, costing the Government £15bn, it was inevitable that some changes would have to be made to the furlough scheme. However, the announcements are less draconian than many had feared.