Stronachs Logo

Insights

The Corporate Insolvency and Governance Act 2020 (“the Act”) came into force on 26 June 2020. The main objective of the Act was to amend insolvency and company law in order to support companies through the coronavirus pandemic.

The Act introduced a mix of permanent and temporary changes to the restructuring, insolvency and corporate governance regime in the UK.  The permanent changes, the moratorium and restructuring plans, focus on an effort to encourage the restructuring of companies in the hope that they can be rescued. Whereas the temporary measures are a form of crisis control introduced in order to try and curb the immediate impact of the pandemic by restricting debt recovery tools during what was seen at that point as the critical time for companies suffering as a direct result of the constraints on business. 

Interim Relief

Annika Neukirch, of our Employment team, features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce and looks at 'interim relief' in relation to employment tribual proceedings.  

The Chancellor’s next Budget is due to be published earlier than normal this year, on Wednesday 3 March 2021. 

Although no significant details have been published in advance of the Budget, there has been widespread media and industry speculation that the Budget will include some measures to recoup, to some extent at least, the cost to the Treasury of supporting the UK economy during the last 10 turbulent months. 

When the government announced a national lockdown for the UK in March 2020 few of us had any idea of what we would be facing in both our personal and working lives. In the months that followed we all had to adapt to the ever-changing circumstances - and the processes involved in family law matters and court procedures were no exception.   Here we take a look back over the challenges of 2020 upon family law matters in detail. 

‘Retention’ in Construction Contracts - A snagging problem?

Robert McDiarmid, partner and head of Dispute Resolution, features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce and looks at an issue within the construction industry - Retentions. 

The UK Government has accepted in full the Low Pay Commission's recommended increases to the national living wage (NLW) and national minimum wage (NMW) rates, to apply from 6 April 2021.

Paying for Covid-19: Time to make a plan

Magnus Mackay, senior associate in our Private Client team, features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce. 

The cost of the coronavirus pandemic on UK finances has been huge. It is perhaps inevitable that the Treasury will seek ways to rebalance the drain on public finances. 

"Times they are a-changin’ …. Is it time to give the hydrogen economy the green light?"

Malcolm Donald features in the latest edition of the Bulletin published by Aberdeen & Grampian Chamber of Commerce. 

Chambers Leading Firm 2020 bw

Contact Info

ABERDEEN OFFICE
28 Albyn Place, Aberdeen AB10 1YL
Tel: +44 1224 845845

 

INVERNESS OFFICE
Camas House, Fairways Business Park,
Inverness IV2 6AA
Tel: + 44 1463 713225

Legal 500uk leading firm 2020