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Covid 19: MAC clauses in funding agreements
Material adverse change (MAC) clauses are common in commercial contracts and can also be found in many finance agreements. The general gist being that the lender has no obligation to advance further funding, and/or may demand repayment of amounts already advanced, if there is any material adverse change or …
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Covid-19: Top questions 07.05.2020
In these challenging times, our teams have been receiving a high volume of queries from clients in the shipping industry about the impact of Covid-19 and key issues such as contracts, Force Majeure and the current picture around safe ports and Charters. To help our clients in the shipping …
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Covid-19: Top questions 01.05.2020
In these challenging times, our teams have been receiving a high volume of queries from clients in the fishing industry about the impact of Covid-19 and key issues such as grant funding shemes and the current picture around fisheries management and enforcement. To help our clients in the fishing …
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Covid-19: Top questions 24.04.2020
In these challenging times, our teams have been receiving a high volume of queries from clients and businesses about the impact of Covid-19 on their operations on key issues such as contract fulfilment, force majeure and the risks of entering into new contracts at this time. To help you …
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Important: Update to Furlough guidance
Following the publication of the government’s Coronavirus Job Retention Scheme (CJRS), there have been some updates to the official guidance around furloughing. In light of these changes, we have updated two of our recent Top Questions, which we hope are useful to you and your business: Do I …
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Capital Gains Tax changes on residential property from 6 April 2020
As previously reported, from 6 April 2020 a UK resident taxpayer who disposes of a residential property in the UK, which gives rise to a CGT charge, must report and pay the tax due within 30 days of completion of the sale. Here our tax specialist Fiona Phillips answers some …
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Covid-19: Top questions 17.04.2020
In these challenging times, our teams have been receiving a high volume of queries from clients and businesses about the impact of Covid-19 on their operations on key issues such as furloughing, contracts and supply chain management. To help you and your business, the team has collated the most …
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Covid-19: Top questions 09.04.2020
In these challenging times, our teams have been receiving a high volume of queries from clients and businesses about the impact of Covid-19 on their operations on key issues such as furloughing, contracts and supply chain management. To help you and your business, the team has collated the most …
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Covid-19: Top questions 03.04.2020
In these challenging times, our teams have been receiving a high volume of queries from clients and businesses about the impact of Covid-19 on their operations on key issues such as furloughing, contracts and supply chain management. To help you and your business, the team has collated the most …