Tag Archives: UK

ILN Today Post

COVID-19 – temporary measures for AIM companies and Nominated Advisers

On 20 March 2020, the London Stock Exchange (LSE) published an Inside AIM newsletter setting out temporary measures that would be implemented by the AIM Regulation team to support AIM companies and nominated advisers in addressing the challenges arising from the COVID-19 pandemic.

Until further notice, AIM Regulation will be applying discretion to the application of some of the AIM Rules for Companies (AIM Rules) and the AIM Rules for Nominated Advisers (Nomad Rules), as discussed below.

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ILN Today Post

Could the Covid-19 Insolvency Law Reforms save distressed businesses?

The Government is expediting reforms to UK Insolvency Law to help companies avoid
insolvency as a result of the Covid-19 outbreak. The changes are intended to: Read more…

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ILN Today Post

Force Majeure During the COVID-19 Crisis

Companies have asked “Does the current corona crisis constitute a (global) force majeure – act of god situation from a legal point of view?” and want the answer in a short, summary format – and the ILN has answered – 23 member jurisdictions have weighed in with concise responses to help guide your business in the current crisis.

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ILN Today Post

Fladgate’s Top Ten quick fixes – helping you and your business in these volatile times

With the fast moving issues we are all facing along with the added challenge of many of us
working remotely, we have identified a few quick fixes designed to help you and your business get through the day that little bit easier. Our top ten fixes include everything from how and when to use electronic signatures through to how to navigate some of the priority employment issues. Read more..

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ILN Today Post

Covid-19: Is your business insured?

What is BI Insurance?

BI Insurance covers losses which result from closure of business. BI Insurance is usually part of a commercial combined policy.

What does BI Insurance cover?

If cover exists:

  • loss of income;
  • fixed costs such as: payroll, operating expenses and business loan repayments; and
  • costs of temporary relocation. Read more…
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ILN Today Post

WHAT EMPLOYERS SHOULD KNOW

As the number of COVID-19 cases continues to increase, both in the UK and globally, employers may be wondering what measures they should be taking and what rights their employees have.

Read our blog where we take a look at the most commonly asked questions.

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ILN Today Post

COVID-19: time to review your outsourced Managed Security Services arrangements

Even before the current pandemic, as enterprises have adopted techniques and practices such as digital transformation, cloud and mobility, they have faced an increased risk from a range of established and emerging cybersecurity threats, such phishing attacks which seek to introduce malware capable of compromising sensitive business information, ransomware and other fraud campaigns. The risk of huge fines under the GDPR means that cyber security has become a board-level issue, as well as a focus for regulators. Read more…

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ILN Today Post

Aviation Update: Common themes in times of crisis

The Aviation (Enforcement and Recovery) team has been advising clients on issues arising from the current crisis. Three main themes emerge from the current challenges in the airline sector:

1.) Airline insolvency risk.  A number of leasing companies have claims for unpaid rent and maintenance rent. These claims can be pursued by:

  • applying security deposits and enforcing other security; and/or
  • issuing proceedings in the High Court – which will effectively come to halt if the airline then goes into a formal insolvency process; and/or
  • Instigating insolvency proceedings against the airline; and/or
  • Exercising proprietary rights such as arresting and taking possession of the aircraft, with the assistance of a court order or injunction in the relevant location.

Read more…

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ILN Today Post

Attorneys and gifts

The Public Guardian’s new ‘Practice Note PN7: giving gifts’ is a must-read for any attorney appointed under an Enduring or Lasting Power of Attorney, or deputy, faced with the thorny issue of whether they can use the incapable donor’s funds in a transaction which is not for value – such as a payment by way of gift or to meet a person’s needs.

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ILN Today Post

Restrictive covenants; do they mean I can’t redevelop my property?

Developers often identify land that looks good for development on the face of it, only to discover that there are restrictive covenants preventing the land from being developed or used in the way they would like. This can be incredibly frustrating; especially where the restrictive covenants are historic and the interests they seek to protect appear to be of limited modern relevance.

In this article I will explore what a developer can do when confronted by such a restrictive covenant. I have used “beneficiary” to describe the party with the benefit of the restrictive covenant and “you” to describe the developer.

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