The lockdown will likely lead to an increase in companies entering liquidation. The appointed liquidator might then issue a notice to “disclaim” a lease if it is unprofitable or if it can’t readily sell the property or if it will give rise to a liability to pay money or perform any other onerous act.
Read MoreIf your company is looking to offer a long term incentive to employees, you should consider EMI options.
Read MoreSince our last update, there have been numerous (almost weekly) updates to the Coronavirus Job Retention Scheme.
Read More“Force majeure” provisions are often over-looked clauses hidden at the end of the contract but have become vitally important in the Coronavirus period.
Read MoreThe government has proposed a package of measures to protect public services during the period of disruption caused by COVID-19.
Read More‘Lockdown’ measures introduced by the government in response to the COVID-19 pandemic have impacted the enfranchisement sector in a number of ways. Tenants and landlords should obtain advice on their options and the action required because statutory rights and timetables in enfranchisement continue to apply.
Read MoreThe rapid spread of Covid-19 has inevitably posed a significant challenge to the operation of the Court system and access to justice. However, the Courts have reacted quickly to this rapidly changing situation to ensure that a functioning court and tribunal system is maintained.
Read MoreDirectors must continue to consider the interests of employees and stakeholders during this period. Businesses should look at practical solutions to the problems raised by Covid-19.
Read MoreThe new Coronavirus Act 2020 introduced a three month moratorium as of 26 March 2020 up to 30 June 2020 preventing landlords from exercising their right to forfeit either by proceedings or peaceable re-entry for non-payment of rent. This period may be extended.
Read MoreThe Wallace team recently advised founder Daniel Litvin and his fellow shareholders on the sale of Critical Resource Strategy & Analysis Limited to ERM.
Read MoreWallace recently acted for a Middle Eastern investor on the purchase of the entire issued share capital of Amsprop Tower Limited the owner of Sceptre Court, a 90,000 sq ft building in Tower Hill.
Read MoreWe are delighted to announce our involvement in The Consultancy Growth Network, a membership community for the owners of growing consulting businesses.
Read MoreThe Wallace team advised Alistair Parrington and Laura-May Coope, the founding shareholders of award-winning creative agency Social Life, on the sale of the company to Jellyfish.
Read MoreThe Legal 500 United Kingdom 2020 directory has been published and we are delighted that Wallace is recommended in a record number of ten practice areas in the directory, for the London area.
Read MoreSamantha Bone has been named as a ‘Woman of Influence’ by News on the Block.
Read MoreEarlier this year, the High Court rejected the argument advanced by the European Medicines Agency (EMA) that the UK’s departure from the EU would constitute a ‘frustrating’ event for the purposes of their 25-year lease of commercial premises in Canary Wharf thereby releasing both parties from all further obligations.
Read MoreOn the face of it, dismissing an employee for urinating in a public place would seem like it should result in a fair dismissal. However, the case of Asda Stores Ltd v Raymond demonstrates how important investigating the circumstances properly is when dismissing employees.
Read MoreEntrepreneurs’ relief is an attractive means for owner managers to reduce the tax payable on their gains should they choose to exit their business on a sale. A number of our clients rely on the availability of this relief to maximise their exit proceeds.
Read MoreThe legal cannabis market is of increasing interest to entrepreneurs and investors. In recent years, we have seen a trend of growing deregulation in the supply and use of cannabis and cannabinoids globally, coupled with a change in societal attitudes.
Read MoreThe Wallace Corporate team acted for Shaw International Holdings Limited (BVI), the vehicle for the founding management shareholders in the sale of their 50% shareholding in the AutoProtect Group Correlation Investments.
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