Tag Archives: CoronaVirus

Coronavirus – Can Employers be obliged to alter contractual remuneration arrangements?

Bankers’ bonuses are currently subject to a bonus cap introduced by EU regulations which aim to limit bonus pay-outs to 100% of salary, or 200% with approval from shareholders. In the UK, regulated firms must also comply with the Remuneration …

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Coronavirus: Tax and Estate Planning Tips in the Lockdown

Being optimistic, we have been giving some thought to what positives we can draw from these dark and difficult times. Being at home for an extended period and having more time provides an opportunity to get on with the tasks …

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CORONAVIRUS AND RESIDENTIAL CONVEYANCING – PRACTICAL ADVICE

Last week, the government issued advice to both the public and those in the industry about residential property transactions during the coronavirus outbreak.  Whilst they state that there is no need to pull out of transactions, where the property is …

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Coronavirus: MAC clause used to withdraw from £510m property acquisition

News sources are reporting that Columbia Threadneedle has withdrawn from its £510m agreement to buy Manchester Airport Group’s Victoria portfolio, despite having exchanged. A Material Adverse Change (MAC) clause in the contract has allowed the fund manager to withdraw from the …

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Setting up a business after Coronavirus: making the dream a reality 

Many of us may have used this enforced period away from our normal offices, jobs and routines as an opportunity to think about what we would like to do in the future. Perhaps you have rediscovered a skill, and you’re …

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Coronavirus – comment on Chancellor’s overhaul of business bailout scheme

Banks will be banned from asking small firms for personal guarantees on loans up to £250k only, and will relax other rules to ensure businesses can access the money they need. This further intervention from the government is very welcome. …

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Coronavirus: What happens if you have a vulnerable person in your household?

This is a stressful time. It is even more stressful if you have a loved one in your household who has been identified by the government as ‘extremely vulnerable’. Many employees will be faced with this dilemma, and many employers …

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Coronavirus – Employers’ Health & Safety obligations

The COVID-19 pandemic presents a significant health and safety challenge to employers, who have a duty of care to ensure staff work in a safe environment. This applies to those who need to come into the workplace and those working …

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Coronavirus – Can you claim Business Rates concessions?

Business rates are a significant and often unwelcome expense. This is especially true when a business has vacant properties because of government action, and not through any fault of that business. It is no exaggeration to say that these are …

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Coronavirus – Can you CLAIM UNDER YOUR BUSINESS INTERRUPTION INSURANCE?

Claims under policies are often complex. They all have particular conditions of cover and exclusions plus extensive definition sections that impact on the apparent extent of the cover. Additionally, the combination of a previously unknown disease plus the extreme steps …

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