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In his address to the House of Commons, the Chancellor Rishi Sunak announced that the Government’s Coronavirus Job Retention Scheme will be extended until October.
With a “roadmap” to lead the UK out of the lockdown due to be set out by the Prime Minister on 10 May 2020, employers across the country are now facing the question of how to safely reopen their workplaces.
A commercial lease may include a ‘break clause’ allowing either the landlord or the tenant to terminate the lease early. The right to break may arise on one or more specified dates or it may operate on a rolling basis during the term.
The Chancellor has introduced a swathe of measures to keep businesses going and the economy as far away from recession as possible. However, also included in the Chancellor’s budget last month was confirmation of the reintroduction of the Crown Preference from 1st December 2020.
Boris Johnson addressed the nation on how the lockdown may be lifted. Whilst the Prime Minister regularly stated that any easing of restrictions would be at a snail’s pace, announcements were made that will give some reassurance to businesses who have been at a standstill since the 23rd March 2020.
The High Court has held a meeting of a scheme of arrangement in respect of a company voluntary administration (“CVA”) does not need to be held physically in person, but could be through a webinar or conference call
The construction industry faces the unprecedented challenge of how to deal with Covid-19. It has a key role in the UK economy and in rebuilding that economy through this crisis and in the years that follow.
Last month the Crown Commercial Service published its second PPN addressing the Covid-19 pandemic. This PPN 02/20 guidance on how public bodies should be helping suppliers during the current crisis will be welcomed by suppliers to the public sector.
The UK government issued 30-day visa vignettes for those applying for long-term visas (longer than 6 months). The applicant must travel during the validity of this initial visa, and then collect their Biometric Residence Permit from a designated place, after arriving in the UK.
It is anticipated that the Covid 19 outbreak will result in a spike insolvencies in the UK and it goes without saying that this means that a very considerable number of suppliers to companies or sole traders will have been left as unsecured creditors.