Author Archives: Darren Butt

Lessons for banks from subprime lender Amigo’s woes

Posted on July 8, 2021 by Darren Butt

Banks will need to carefully consider the implications of the UK high court’s May 24 decision to reject a scheme of arrangement proposed by British subprime lender Amigo Loans, on the grounds that the proposed scheme to deal with complaints …

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Complying with data laws when engaging with freelancers

Posted on July 1, 2021 by Darren Butt

With the gig economy’s rapid expansion, the implications of engaging freelancers have become a regular news item – from the Supreme Court’s recent ruling regarding Uber’s classification of its workforce to the government’s support for businesses reliant on independent consultants …

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UK data protection standards to be deemed adequate by the EU

Posted on June 22, 2021 by Darren Butt

There is only a fortnight to go before the expiry of the current grace period that allows personal data to continue to flow between the UK and the EEA as it did before the end of the Brexit transition period. …

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Cryptoasset firms given extra time to register as few gain authorisation

Posted on June 19, 2021 by Darren Butt

With only five per cent of cryptoasset businesses currently meeting FCA registration requirements, the regulator has extended its Temporary Registrations Regime (TRR) to help more of them carry on in business while seeking authorisation. Here Nigel Brahams gives his comments …

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Update on the Covid-19 temporary insolvency measures under the Corporate Insolvency and Governance Act 2020

Posted on June 18, 2021 by Darren Butt

Once again, the Government has legislated to extend existing insolvency temporary measures through the CIGA (Coronavirus) (Early Termination of Certain Temporary Provisions) Regulations 2020 and the CIGA (Coronavirus) (Suspension of Liability for Wrongful Trading and Extension of the Relevant Period) …

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Government to review landlord and tenant legislation

Posted on May 4, 2021 by Darren Butt

The review will be conducted by The Law Commission and will examine how landlords and their tenants can better collaborate together. It will consider how the lease process can be reviewed and improved to ensure high streets thrive as the …

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UK Design Law after Brexit

Posted on January 15, 2021 by Darren Butt

Instead, comparable rights were automatically established under UK legislation in order to ensure continued protection for existing designs (both registered and unregistered) and to provide a consistent level of protection for new UK designs, which would previously have qualified under …

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Four factors facing the residential property market in 2021

Posted on January 4, 2021 by Darren Butt

No cliff-edge on property sales The stamp duty holiday comes to an end on 31 March 2021, but we do not expect to see the property market fall off a cliff edge, says Janet Armstrong-Fox and Head of Private Client …

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Cov-lite covenants leading to disputes between borrowers and lenders

Posted on December 14, 2020 by Darren Butt

The Covid-19 pandemic has meant that many businesses are needing to take on additional debt. Some have been attempting to take advantage of looser Cov-lite loan provisions to transfer assets into subsidiaries out of reach of lenders and then use …

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Furlough Extension: This week’s important updates

Posted on November 20, 2020 by Darren Butt

If you have missed our previous furlough extension updates, please click here for the key points of the scheme including how much employers can claim, how the scheme can be used, cash grants for businesses which have been forced to …

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