From 1 July 2020, there will be a new flexible furlough scheme where furloughed employees will be able to return to work on a part-time basis. Full guidance has yet to be issued (proposed for 12 June 2020) but present Guidance has advised that only employees who started furlough on or before 10 June 2020 will be eligible for the new scheme.
To read the full post of this text by partner Nic Hart, please visit the Duane Morris London Blog.
In the daily press conference on Friday May 29th 2020, the Chancellor Rishi Sunak announced further changes to the Coronavirus Job Retention Scheme.
To read the full text of this post by Duane Morris partner Nic Hart, please visit the Duane Morris London Blog.
Last week the UK government introduced the Corporate Insolvency and Governance Bill in Parliament.
The main objective of the Bill is to provide businesses with the flexibility and space needed to continue to trade during this difficult time caused by the COVID-19 pandemic. That said, the provisions around the new moratorium and the new restructuring plan proposal have been under consideration for a few years.
To read the full text of this post by Duane Morris partner Linda Crow, please visit the Duane Morris London Blog.
On 20 April the United Kingdom’s Chancellor of the Exchequer announced that the UK Government would launch the Future Fund as part of the British Business Bank Coronavirus Business Interruption Loan Scheme. The Future Fund is intended to provide support to the UK’s innovative companies with good potential, for which we might read start-ups, growth companies or emerging companies.
To read the full text of this post by Duane Morris partner Sam Pearse, please visit the Duane Morris London Blog.
On 14 May 2020, the UK Government extended the temporary suspension of wrongful trading liability until 30 June 2020.
On 28 March this year, the Government announced that it would “at the earliest opportunity“ introduce legislation, retrospective to 1 March 2020, to relax the insolvency rules which can make directors of limited liability companies potentially liable if they continue to trade and incur liabilities when they knew or ought to have concluded that there was no reasonable prospect of avoiding an insolvent liquidation or administration.
To read the full text of this post by Duane Morris partner Linda Crow, please visit the Duane Morris London Blog.
Throughout the lockdown in the UK, the construction industry has been allowed to remain open for business providing that compliance with the Public Health England measures is maintained. However, most national house builders at least had taken a decision to close sites. Boris Johnson on Sunday 10th May, in his long awaited press briefing on the potential relaxation of social distancing road map, made clear that those in construction and manufacturing should go back to work, if they could.
To read the full text of this post by Duane Morris partner Vijay Bange, please visit the Duane Morris London Blog.
Lean Thinking as a concept has its roots in Toyota’s production system. One of the primary tenants of this concept is to aim to perfect process, as continuous improvements address root causes of quality issues, and the elimination of waste.
The construction industry, on the other hand, has long been criticised for being wasteful, and failing over the decades to deliver good value. Furthermore, it has a reputation for being an adversarial industry with significant disputes. There have been countless reports over the decades attempting to work out how these ills can be addressed.
To read the full text of this post by Duane Morris partner Vijay Bange, please visit the Duane Morris London Blog.
Following on from the Prime Ministers statement on Sunday evening, May 10th, setting out the next phase -Stay Alert- there was a general reaction of uncertainty about how this will translate for employers and employees in practical terms.
To read the full text of this post by Duane Morris partner Nic Hart, please visit the Duane Morris London Blog.
Last week we discussed, in light of the encouragement from Robert Jenrick MP (Secretary of State for Housing, Communities and Local Government) for the construction industry to remobilise, the government’s apparent reluctance to provide confidence and clarity for the construction industry in respect of the safe operation of sites.
In the Prime Minister’s address to the nation on 10 May 2020, he re-stated that encouragement for the construction industry, where possible, to return to work.
To read the full text of this post by Duane Morris attorneys Steve Nichol and Matthew Friedlander, please visit the Duane Morris London Blog.
On 7 May 2020 the UK Government published its “Guidance on responsible contractual behaviour in the performance and enforcement of contracts impacted by the COVID-19 emergency”.
To read this post by Duane Morris partner Steve Nichol, which lists some of the key points arising and analysis of the same, please visit the Duane Morris London Blog.
