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All the Media related posts will go under this category.

Restructuring

One of KaurMaxwell’s specialisms is Insolvency & Restructuring which is headed up by our Managing Partner, Mandeep Kaur Virdee. Mandeep and her team provide comprehensive advice and assistance to Directors, Business Partners and individuals in relation to transactions and restructuring. Our team are here to support you when the unexpected happens within your business and …

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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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Dealing with Restrictive Covenants

1. Introduction  A land owner who decides to transfer some land, either by disposing of the freehold or granting a lease, can impose restrictions against the land’s future use or development – which may mean accepting a lower price at the time, of course.  These notes cover typical questions and their answers arising in connection …

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The UK’s Proposed Digital Services Tax

The UK has proposed an interim digital services tax (DST), to take effect from April 2020. It is a 2% tax on UK revenues derived from social media platforms, search engines or online marketplaces. These categories bring to mind certain big-name multinationals, but the measure could apply more widely. Note that the 2% – which …

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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?

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. What is Blockchain? Simply put, blockchain is a decentralised ledger of nearly any recordable information. It …

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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 approach. Ironically, the same qualities that make blockchain technology so useful …

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