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Update for Coronavirus Job Retention Scheme
Update for Coronavirus Job Retention Scheme To ensure we are providing you with as much support and information regarding the Government’s Coronavirus initiatives, here are the latest updates regarding the Coronavirus Job Retention Scheme (CJRS) for furloughed employees. Chancellor Rishi Sunak in yesterday’s briefing confirmed that all furloughed payments will be paid by the end of April, with all applications to be made online through a government portal, which is set to open on the 20th April. Applications should be [...]
Overview of the Coronavirus Business Interruption Loan Scheme
The Government recently announced the Coronavirus Business Interruption Loan Scheme “CBILS” operated through the British Business Bank on behalf of the Government.
Changes to Insolvency Laws
As you may be aware, in response to the coronavirus epidemic the Government has announced changes to the existing insolvency laws around the continuity of businesses that may provide some much-needed comfort for directors and business owners that are feeling concerned. As the law currently stands and in accordance with section 214 of the Insolvency Act 1986, once a director of a company concludes that there is no reasonable prospect of their company avoiding insolvency then the directors have a [...]