Download PDF The Government has announced the much-awaited implementation details of the ESS along with the penalties in case of breach of undertakings. Our most recent update on the details of the ESS can be viewed here. Application details – the information required The wage subsidies will be provided for 6 months in two tranches.
Download PDF Setting the Scene This practice note considers the applicable legal principles in respect of an application for a springboard injunction as well as key takeaways for employers seeking to protect their businesses when key employees depart. What is a springboard injunction? A springboard injunction is a type of prohibitive injunction. In general
Download PDF The Government has recently provided more clarity on the Employment Support Scheme (“ESS”) and expanded its scope. Comments The ESS is likely to encourage job retention for employees who could otherwise be made redundant. An employer who receives the subsidy would be under public scrutiny in the interests of accountability. This may
Download PDF For directors, the winding up of a company could be judgment day when their past misdeeds come back to haunt them. If insolvency is on the horizon, there are various matters directors should bear in mind lest incurring personal liability if insolvency becomes inevitable. Unfair Preference The rules governing unfair preference are found
COVID-19 has created unforeseen challenges for businesses all over the world with an impact so far-reaching that several organisations are no longer able to survive. Governments have swiftly enacted relief measures but the financial consequences of the pandemic on businesses is unprecedented. Some common law jurisdictions have created new insolvency law measures to tackle the
