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Posted by Joanne Brown, Senior Associate
The Finance Act 2020 will result in HMRC salvaging its status as a preferential creditor for insolvencies that commence on or after 1 December 2020.
Posted by Milan Kapadia, Partner
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.
Posted by Amish Patel, Associate
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.
Posted by James Worrall, Partner
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?
Posted by Fran Tremeer, Solicitor
In September we published our summary of the lengthy BII test case judgment to assist businesses in understanding what this meant for them.
Posted by James Sage, Partner
Contributing authors: Hazel Phillips and Mei-Ling Huang
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.
Posted by Claus Andersen, Partner
Contributing authors: Irene Trubbiani Montagnac
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.
Posted by Vicky Hernandez, Partner
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.
Posted by Juliette Sanderson Neil, Solicitor
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.
Posted by Claus Andersen, Partner
On 9 November 2020 I had the pleasure of speaking at the 13th Annual European GRC and GDPR compliance conference hosted by Copenhagen Compliance.
Posted by Bharti Moore, Senior Associate
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.
Posted by James Medhurst, Senior Associate
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.