Posted by Joanne Brown, Senior Associate
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The Corporate Insolvency and Governance Act 2020 (“CIGA”) was first published in May 2020 and obtained Royal assent on 25 June and came into force on 26 June 2020. Amendments made to the Act are as follows.
Banks continue to release funds without a Grant of Representation where the monies in question are of a low value; each bank differs in what it classes as low value with some releasing funds up to £10,000 and others willing to release funds up to £50,000 after a customer has died.
In any financial services M&A transaction, plenty of consideration is given to the technical aspects of the deal and the regulatory, financial and legal analysis that should be undertaken by buyers as part of the transaction process. But what of the psychological aspects particularly the unconscious influences that impact decision making?
In September we published our summary of the lengthy BII test case judgment to assist businesses in understanding what this meant for them.
It feels like a long time since March. During the first wave, care services were put under unprecedented pressures. Now that the second wave is upon us, our Health & Social Care team is providing an update on the state of play in key areas.
With the post-Brexit transition period ending in 31 December 2020 and talks between the EU and UK about a Free Trade Agreement (“FTA”) continuing, businesses need to continue to prepare for the key challenges ahead.
No-one would argue that 2020 hasn’t been tough for retailers but there are some who are emerging as clear winners from this turbulent year.
The new system has been in the pipeline since the Brexit vote in 2016. Many of the current immigration routes to the UK will be similar under the new system. However, there are two key changes to be aware of.
On 9 November 2020 I had the pleasure of speaking at the 13th Annual European GRC and GDPR compliance conference hosted by Copenhagen Compliance.
UK Finance has just published its 2020 Half Year Fraud report, which revealed that in the first half of the year, a total of £207.8 million was lost to authorised push payment (APP) fraud.
The Government has updated its guidance for the Coronavirus Job Retention Scheme (CJRS). Most of it remains unchanged but the update does provide some important clarifications about the elements of the scheme which might change in forthcoming months.