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Support for Small and Medium-sized Businesses amid Covid-19

Disclaimer: Due to the nature of Covid-19, any information and guidance from the Government can rapidly change. For the latest Government information on Covid-19 and the measures the Government are taking, please visit the UK Government website: www.gov.uk As a small business, we understand the disruption an outbreak like Covid-19 can have on your business and …

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Protection from Forfeiture: Coronavirus Act 2020 update

As the emergency legislation, following the outbreak of the coronavirus, has now become an Act of Parliament, Coronavirus Act 2020 (“the Act”), we have summarised how this applies to commercial tenancies and whether a landlord can forfeit a lease for the non-payment of rent. Although the new legislation provides protection, it does not grant any …

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Budget 2018 – HMRC to become the preferred creditor in insolvencies

In the latest Autumn Budget, Chancellor Philip Hammond announced that HMRC is to become a preferred creditor in insolvencies. This new proposal is to take effect from 6 April 2020. Enterprise Act 2002 Under the Enterprise Act 2002, HMRC removed its right as a preferential creditor and, as a result, became ranked equally with unsecured …

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Caught between a block and a hard place: how are blockchains and the gdpr to co-exist?

Caught Between a block and a hard place: how are blockchains and the gdpr to co-exist? The financial industry is amidst significant technological changes. Artificial intelligence, Big Data, and cloud-based technologies are transforming how we work. But, of all these advances, the most promising – and for some, the most worrying – is Blockchain technology. …

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A step in the right direction: European Parliament adopts Blockchain Resolution

A step in the right direction: European Parliament adopts Blockchain Resolution On 3 October 2018, the European Parliament adopted a non-legislative resolution on distributed ledger technologies (DLT) – blockchain technology. The resolution discusses potential benefits from the application of DLT in various sectors of the economy, including financial services, and sets out the suggested regulatory …

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