31 December 2024
Commercial Real Estate

Real Estate update and 2025 expectations

Last year brought about major political changes in the UK. Amongst many pledges by the UK’s new government, the following are certain to have a significant impact on commercial real estate for the years to come

09 December 2024
Commercial Real Estate

What happens to a sublease when the headlease is surrendered, forfeited or disclaimed?

The intermediate tenant under the headlease falls away and the tenant under the sublease becomes the direct tenant of the superior landlord.

16 March 2023
Employment

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.

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.

18 March 2022
Employment

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

10 November 2021
Commercial Real Estate

New Code of Practice for Commercial property relationships post pandemic

The Government has published its new, Code of Practice for Commercial Property Relationships following the COVID-19 pandemic, which replaces the previous Code of Practice published in June 2020.

09 August 2021
Restructuring and insolvency

Company Voluntary Arrangements: An Overview

A Company Voluntary Arrangements is one of a number of insolvency procedures designed to address a company’s financial difficulties by entering into a binding contract with its unsecured creditors, i.e. those who do not have the benefit of any security interest in the assets of the company. These are likely to include: customers, suppliers, contractors, landlords etc.

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