Tag Archives: COVID

Boom in prenups as post-COVID wedding numbers look set to soar

UK Weddings Taskforce, a trade body representing the wedding industry in a report in January 2021 estimates that some 824,000 weddings are planned in 2021 and 2022, following 95% of weddings planned for 2020 postponed following the COVID pandemic.   And says …

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Taking time off to look after dependants

The general rule Under sections 57A and 57B of the Employment Rights Act 1996 all employees are entitled to take a ‘reasonable’ amount of time off from work to take ‘necessary’ action to deal with unforeseen emergencies involving their dependants. …

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Government extends moratorium preventing the eviction of commercial tenants until end of June 2021

The Government has extended its moratorium, preventing the eviction of commercial tenants for non-payment of rent, until the end of June 2021. This is important news for commercial landlords to be aware of, and good news for tenants. The moratorium, …

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Coronavirus: For businesseses are there any upsides to the lockdown?

The human cost of Covid-19 is tragic and understandably the Government’s response is geared towards protecting life and ensuring the NHS can cope with the immense challenges it faces every day. From a business perspective the crisis restricts revenue streams …

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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News sources are reporting that Columbia Threadneedle has withdrawn from its £510m agreement to buy Manchester Airport Group’s Victoria portfolio, despite having exchanged.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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Coronavirus delays IR35 until 2021

Last month the Treasury confirmed changes would be made to the off-payroll working rules, IR35, which will see every medium and large private sector business in the UK become responsible for setting the tax status of their contract workers, as …

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Coronavirus and Loan Agreements: A Material Adverse Change?

With the current extreme volatility in world markets and commentators predicting worsening economic and financial conditions worldwide, lenders exposed to industries particularly affected by the COVID-19 outbreak may consider invoking Material Adverse Change (MAC) provisions in loan agreements to demand …

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Coronavirus (COVID-19) – Guidance for employers

As the Coronavirus (COVID-19) pandemic continues, and the UK moves from the containment to the delay stage, employers are presented with several challenges affecting individuals and business operations. The primary duty of an employer in these circumstances is to safeguard the health …

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