22 April 2020
Has the S.O.S from startups been answered?
Since the start of the coronavirus outbreak, the UK government has launched a number of schemes offering financial support for businesses. This support includes the Coronavirus Job Retention Scheme, the Small Business Grant Fund, the Self-Employment Income Support Scheme and the Coronavirus Business Interruption Loan Scheme (“CBILS”).
9 April 2020
Coronavirus Business Interruption Loan Scheme: A lifeline or distraction?
The grandly titled Coronavirus Business Interruption Loan Scheme (“CBILS”) was announced by Rishi Sunak as part of his first budget on 11th March. Sunak, in the position of chancellor for only a matter of days, set out a series of plans which he claimed would represent the biggest fiscal boost to the economy in 30 years, and which were also intended to protect the UK economy from the impact of Covid-19.
30 March 2020
Lurking in the shadows - When is a "director" a director?
When is a director a director? At first glance this may appear to be a facile question. Why would individuals who only carry the title “director” fall within this group? Surely a director must be someone who has been formally appointed as a director? Well, yes and no. For instance, someone who is involved in the day to day management of a business, but has not been formally appointed as a director or someone who tells the board what to do may also be considered to be a director for the purposes of company law.
23 March 2020
Coronavirus, disruption and legal liability
The impact of the coronavirus pandemic is being felt throughout the economy from supply chain disruption to venue hire cancellations, travel bans and more. Inevitably as the pandemic continues there will be a surge in questions about legal liability for delayed performance, requests for refunds and contract termination enquiries. In this blog, we focus on the implications of force majeure clauses for exceptional circumstances and the key legal principles for business owners to bear in mind during these challenging times.
19 December 2019
Death of a sole director and shareholder
Serious difficulties can arise where a sole shareholder dies who is also the sole director of a company.
