Author Archives: Alice Heathfield

Manor renewable energy limited

We acted for the buyer of Manor Renewable Energy Limited (MRE). MRE is a cutting edge company specialising in temporary engineering solutions for the offshore industry. The deal was backed by a consortium of domestic and international private equity, and …

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FCA extends deadline for ceasing to issue new loans based on LIBOR – what does this mean for lenders and borrowers?

In the wake of the coronavirus pandemic, the FCA has decided to extend its deadline for ceasing to issue new loans based on LIBOR until the end of Q1 2021. Banking & financial disputes Partner, Janine Alexander, comments on the …

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Coronavirus: The relaxing of competition law in the new normal

As governments worldwide steer their respective countries and citizens through an unprecedented time in modern day history, measures are being swiftly implemented by competition regulators to lessen the financial impact of COVID-19 on consumers. Competition laws are in place to …

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Grievances and Disciplinary Meetings during Lockdown – Proceed or Postpone?

Employers have had to respond to the unique challenges faced by the Covid-19 pandemic, adjusting to the current lockdown by making most employees work remotely from home. This poses potential challenges in running disciplinary, performance and grievance procedures with the …

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How is the Aviation industry managing with COVID-19?

Markets around the world are in treacherous and uncharted waters (US oil benchmark goes negative?!) and the aviation sector looks to be in just about as bad a shape as any. The word ‘unprecedented’ may be in danger of becoming …

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Coronavirus: Furlough Leave – Updated Government Guidance

The HMRC online portal is now open for applications from businesses to claim 80% of the wages of furloughed employees up to £2,500 per month per employee. More than 140,000 businesses applied using the portal for over 1.3 million employees …

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Good faith’s relationship with the relational contract – new guidance

What is a relational contract? A relational contract in this context is one that has implied good faith obligations. The concept of and conditions for generally implying terms into a contract (other than by legislation) is firmly cemented in English …

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Coronavirus: Furlough Leave – HMRC portal now open

Around four weeks after first being announced by the government, HMRC went live with its furlough portal at 7am on Monday 20 April. You can access the portal here. There were some inevitable teething problems and the website, as expected, …

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Bank Fraud: Safeguards and Solutions (part two)

Quincecare duty Banks are under a duty not to execute payment instructions where they have reasonable grounds to believe that the instruction is an attempt to misappropriate the customer’s funds (being put on inquiry); this is known as a bank’s …

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Coronavirus: FCA Senior Managers & Certification Regime

The FCA recognises that firms directly affected by coronavirus will have to keep governance arrangements under review and adapt as and when circumstances change due to coronavirus-related events. Senior Managers should be considering what impact the current coronavirus situation may …

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