We are delighted to announce that two of our partners have been ranked in the Chambers & Partners 2021 Directory, in the highly competitive London area.
Read MoreThe Legal 500 United Kingdom 2021 directory has been published and Wallace continues its success being ranked in eight practice areas, across the directory, for the London area.
Read MoreSince March 2020, the Government has introduced a number of temporary measures designed to mitigate the economic impact on businesses of the COVID-19 pandemic.
Read MoreThe COVID-19 pandemic has caused widespread disruption and, with it, uncertainty as to whether businesses are entitled to claim under their business interruption insurance policies.
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, and a corresponding change in societal attitudes. The position in the UK echoes the position globally, with the appetite for investing in the legal cannabis sector increasing rapidly. However, investing in the cannabis sector remains a potential legal minefield, especially since the domestic regulatory regime is complex and investors and businesses will also need to be mindful of the extra-territorial reach of the Proceeds of Crime Act (POCA).
Read MoreThe Wallace team recently advised the founders of Regulis, Kim and Gill Wharton, on the recent merger with PharmaLex.
Read MoreThe Law Commission has published its long awaited recommendations for reform of the leasehold sector, to include changes to Leasehold Enfranchisement, the Right to Manage and Commonhold. Their report is over 850 pages in length and supplements the report earlier this year with proposals for reforming how the premium (or price) is calculated for any enfranchisement claim.
Read MoreThe UK left the EU on 31 January 2020 and is currently in a transition period during which EU Nationals can continue to reside and work in the UK. From 31 December 2020 when the transition period ends, the UK immigration rules change.
Read MoreWith lockdown measures gradually easing after 12 weeks and an uncertain property market caused by covid19, now is a good time for landlords and tenants to receive professional guidance on lease extension or freehold claims under the Leasehold Reform Housing and Urban Development Act 1993.
Read MoreOn 19 June 2020, the Government issued a new voluntary Code of Practice for commercial property. The Code has been developed with leaders from the retail, hospitality and property sectors to provide clarity for businesses when discussing rental payments and to encourage best practice between landlords and tenants so that all parties are supported.
Read MoreAs we fast approach the June quarter when there is likely to be further tenant default on rental payments, landlords should check whether they are entitled to recover any sums due to them from former tenants/their guarantors under the terms of an authorised guarantee agreement. There is a strict process and timescale to bear in mind.
Read MoreSince our last update there have been further changes announced to the Coronavirus Job Retention Scheme (furlough scheme). The changes reflect people returning to work over the coming months and, from August 2020, employers start to share the burden of paying furloughed employees on a staggered basis.
Read MoreThe UK left the EU on 31 January 2020 and, shortly after, the country became preoccupied with coronavirus. The UK is in a transition period until 31 December 2020 during which time it is still largely aligned with the EU. After that, either the UK will have a suitable trade deal or it will move to WTO terms. This focus on more pressing matters means there has not been much progress on negotiating the trade deal.
Read MoreOn 20 May 2020, the Government published the long-awaited draft Corporate Insolvency and Governance bill (the Bill).
Read MoreTraced have brought their industry knowledge, future-proofing vision, and technical innovation together in the consumer targeted app, Traced, which provides unparalleled detection of malicious apps by identifying if, when and how any apps abuse access to users’ personal data.
Read MoreOver seven weeks after the lockdown was announced, the Courts, and lawyers, have adjusted well to working remotely. All hearings are being dealt with remotely, unless an in-person hearing is unavoidable (and for which systems have been put in place to ensure the safety of participants).
Read MoreHaving placed a moratorium on forfeiture (which is currently due to expire on 30 June) the Government has now introduced further measures to protect commercial tenants against enforcement actions being taken by landlords for non-payment of rents.
Read MoreCovid-19 is the wrecking ball on the C-suite’s reluctance to embark upon digital transformation. With many people now working from home, there has been a massive uptick in cloud adoption.
Read MoreNot all insurance policies cover disruption caused by the lockdown. If your business disruption policy doesn’t specifically cover pandemics/infectious disease, you might still be able claim under more general provisions of your policy, for example relating to the loss of suppliers or key personnel.
Read MoreThe Government has announced a temporary ban on landlords of commercial properties from using statutory demands and winding up petitions for the recovery of rent.
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