Bounce Back Loans – What are they for and are you sticking to the rules?

There has been some media coverage recently about “fraudsters” applying for the Government’s Bounce Back Loans, and using the funds to buy supercars or property. Supercar dealers have said that their business is booming since the Bounce Back Loans have been paid out. Of course, the rates of interest are making this cheaper than the usual finance agreements, but while we would all love the means to buy a Ferrari, are these people doing anything wrong? We have also…

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Furlough – four things to think about

With lots of uncertainty surrounding the current situation, and employers being bombarded by questions from their employees (as well as having their own), the Law Society has published a guidance, explaining some of the more uncertain aspects of the scheme and could be useful if you are considering putting employees on furlough leave. It is unsurprising that there are still some uncertainties with the scheme, as it was created in such a short space of time. Below we have summarised the…

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Annual General Meetings during Lockdown

There are understandably times when, working in a business, meetings have to take place. Unfortunately, sometimes a company’s articles do not allow for these to be carried out remotely, especially in the case of Annual General Meetings. However, the relevant bodies have been putting their thinking caps on and trying to think of how this can be dealt with considering the current situation. We have summarised the current guidance, but of course, this is subject to change on a daily…

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Late filing penalties and strike-offs – Covid-19

With everything going on right now, and businesses trying to carry on as usual as well as they can, the prospect of late filing fees and strike-offs may cause an added  and very much  unwanted stress.    However, Companies House is aware of the extra pressure, and that complying at these times may not be possible, so we have looked at the latest  guidance , hopefully to put your minds at ease, and let you know what will and will…

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Moving house in lockdown

Buying and selling houses during lockdown: to move or not to move? We’ve seen a lot of articles and blogs on this topic and thought we’d offer a bit more detail. Covid-19 and the current lockdown situation has of course caused concern for everyone, but what if you are due to move house? What are the implications of the lockdown: should you exchange contracts if you haven’t yet, what happens if you have exchanged but don’t want to move during…

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Contracts and Covid-19

Contracts and Covid-19: What does it mean? Are contracts still binding under lockdown ? The ongoing epidemic has posed significant risks to businesses with disruptions in supply chains, cancellations of events and the closure of many services, but what does this mean for contracts that are in place? Is there a “get out of jail free card” to avoid obligations? Under English law contracts are, in principle, absolute. In general terms, any failure to perform an obligation under a contract…

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Dating your documents in 2020

—Dating your documents— —How to do it safely in 2020— I have already written the date with our sparkly new year a few times this month and, apart from it making me feel like time is flying all to quickly, it seems to me that it is all to easy to alter. We complete transactions by dating the documents so, for example, when we are selling shares or a house, it is the day of completion that is entered onto…

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