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What are the Government’s new Coronavirus Act Regulations 2020

What are the Government’s new Coronavirus Act Regulations 2020 and what impact do they have on Notices seeking Possession served before 29 August 2020?

The Coronavirus Act 2020 has been amended by the Coronavirus Act 2020 (Residential Tenancies: Protection from Eviction) (Amendment)(England) Regulations 2020 (“the Regulations”). The Regulations, introduced by the Government on 29 August 2020, add further restrictions to the termination of residential tenancies in England. Section 21 Notices for Assured Shorthold Tenancies (ASTs) To issue a section …

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What you need to know: Return of the Crown Preference

What you need to know: Return of the Crown Preference

What is Crown Preference? In insolvency procedures, creditors are repaid according to a strict statutory hierarchy which sets out the order of priority of creditors. The money realised from the assets of an insolvent company is applied to meet claims of creditors in a set order of priority. The lower down the hierarchy a creditor …

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Cancelling Shares - Different Options for Private Companies

Cancelling Shares – Different Options for Private Companies

Can a Company cancel its own shares? Following incorporation, private companies might find that as the business has grown and developed, they have a complex capitalisation structure in place involving various classes of shares, both equity and deferred, and employee incentives and loan instruments. A simple solution may be for the company to reorganise the …

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Lasting Powers of Attorney – What are they and do I need one?

Lasting Powers of Attorney – What are they and do I need one?

What is Lasting Power of Attorney? A Lasting Power of Attorney (“LPA”) is a legal document which you prepare in readiness of one day having to need it. As a result, although many people think it is unnecessary and can be avoided, they are only useful during your lifetime and especially beneficial in unexpected circumstances …

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5% Government First Time Buyer Scheme

Following the stamp-duty holiday, the Government announces a 5% deposit mortgage scheme for first-time buyers

What can first time buyers expect with the 5% mortgage scheme? What we know so far With an intention to ‘fix our broken housing market’, Prime Minister Boris Johnson announced a new long-term, fixed rate, 5% deposit mortgage scheme for first-time buyers on Tuesday 6 October 2020. As part of his vision to rebuild post …

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Business LPAs – What is it and why do I need one?

Business Lasting Power of Attorney (LPA) – What is it and why do I need one?

What is a Lasting Power of Attorney A Lasting Power of Attorney (LPA) is a legal document which allows an appointed person or persons (the Attorney) to make certain decisions on your behalf. These decisions can be separated either in relation to your property and financial affairs, or in relation to your health and welfare.  …

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Contact-tracing: Does the end justify the means?

With the recent launch of the beta version of Apple and Google’s jointly created contact-tracing technology, it is not surprising we have data protection and privacy at the forefront of our minds. Apple and Google are collaborating to provide contact-tracing technology through their devices. With the use of Bluetooth, users will be notified if they …

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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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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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