Articles in ‘Commercial’ Category

The Government’s Coronavirus Business Interruption Loan Scheme (CBILS) is intended to provide loans, overdrafts, invoice finance and asset finance to smaller business affected by the Coronavirus, but will it go far enough?

Co-operation is the name of the game in crisis times. Here’s a story of how businesses and organisations have teamed up to help NHS staff.

If your business is being disrupted by the coronavirus outbreak, it is important you review your commercial contracts.

Over the last few months, the world has changed dramatically. The International Monetary Fund, published its World Economic Outlook on 14 April 2020, which projects global growth in 2020 to fall to -3% as a result of Covid-19.

As the impact of the Coronavirus sees no sign of stopping, there will inevitably be an effect on the world of intellectual property. As with countless other businesses and organisations, the IP offices throughout Europe and the rest of the world are adapting their procedures to deal with the current situation.

Sunday 26 April marks World IP Day. Rather appropriately, coming only several days after the 50th anniversary of Earth Day, this year’s theme is ‘Innovate for a Green Future’.

The Department for Business, Energy and Industrial Strategy, in conjunction with the Financial Reporting Council have issued a further Q&A offering guidance to companies in relation to statutory filings, AGMs and other general meetings.

A new Corporate Governance and Insolvency Bill prepared by the Department for Business, Energy and Industrial Strategy (BEIS), was put before Parliament on Wednesday 20 May, with a key focus on offering some reprieve to companies that find themselves in trouble in the midst of the Covid-19 pandemic.

On 27 May 2020, the World Intellectual Property Organization (WIPO) launched a new global online service that provides tamper-proof evidence of the existence at a point in time of any digital file, including data sets, in any format.

With the recently announced Corporate Governance and Insolvency Bill introducing a temporary suspension of wrongful trading actions, our Corporate team outline other potential claims that may be brought against directors of an insolvent company.

Despite the ongoing challenges faced by UK businesses, as lockdown measures ease and businesses start to re-open and adjust to a new way of working, directors across all sectors will be looking ahead and need to maintain a ‘hands on’ approach to considering, implementing and communicating key decisions.

Next up in our series of blogs focusing on the provisions introduced by the Corporate Governance and Insolvency Bill, we turn our attention to managing commercial contracts during temporary company moratorium and insolvency situations.