Towards the end of June 2020, the Companies Act 2006 was amended to introduce a potentially significant new rescue procedure, namely restructuring schemes for companies in financial difficulty (Part 26A Schemes).
Since Boris Johnson officially announced the first lockdown measures in the UK on 23 March, the Government’s measures to support businesses financially have come in a series of different announcements. They have been subject to a number of changes and further updates. We have pulled together this handy checklist in table format of the key schemes. We’ve included a
In previous posts we have discussed the cyber risks businesses faced as staff moved to a home-working model. While it’s not clear yet when, or in some cases if, staff will be moving back to their offices, it’s worth considering what risks should organisations be cognizant of ahead of this next shift in working practices.
As widely anticipated, the Chancellor used the Government press conference on 29 May to announce further details of the extended furlough scheme (see our alert here for news of the extension), which came with a few surprises: First, the contribution towards the cost of the scheme required by employers from August will be less than many feared,