We understand the insolvency process and the steps necessary to give intentions to appoint and the Court’s filing requirements. Our specialists can also help with preparing the necessary board minutes and complying with other aspects of governance to support you in ensuring valid appointment and in the event of a challenge.
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- 16 March 2023
Enhanced redundancy packages explained
The first payment to include in a redundancy package is the statutory redundancy payment. This must be paid to all eligible employees and the amount is set by legislation. Other mandatory payments on termination would also include accrued but untaken annual leave and unpaid wages. Some employers, where the contract allows, may make a payment in lieu of notice.
- 10 February 2023
- Restructuring and insolvency
Restructuring and Insolvency – what to expect in 2023
The flurry of economic forecasts over the last few months may reach slightly different conclusions but none give much scope for encouragement. With no sign of the pressure points of high inflation, interest rates and energy prices abating, we look at three things the coming year might bring from an insolvency perspective.
- 19 December 2022
- Commercial Real Estate
Commercial Rent Deposits – A brief overview
A rent deposit is money provided by a tenant to its landlord as security for payment of the rent and performance of the tenant’s covenants contained in the lease. A rent deposit deed will specify the circumstances in which the landlord can draw on this money and the conditions that must be satisfied for the deposit to be repaid to the tenant.
- 18 March 2022
Legal implications of P&O Ferries shock firing
The decision to cut 800 jobs has sparked outrage with staff staging sit-ins on the company’s boats and there have been calls from unions for strike across the country – but what are the legal implications of the decision of P&O Ferries?
- 22 February 2022
- IP and Commercial
Director’s duties: A practical example
The ‘General Director’s Duties’ are still seen by many as the pillars of correct corporate governance. Codified in the Companies Act 2006, these duties apply to executive, non-executive, shadow directors and de-facto directo
- 21 January 2022
- Commercial Real Estate
What happens to a sublease when the headlease is surrendered, forfeited or disclaimed?
Where a headlease is surrendered the intermediate tenant under the headlease falls away and the tenant under the sublease becomes the direct tenant of the superior landlord. This means that the premises will continue to be occupied by the tenant on the terms of the sublease.
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