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Legal update: insolvency and furloughed employees

Covid-19-furlough-and-insolvency

The financial distress caused by Covid-19 has led several companies into administration including Debenhams, Laura Ashley, Oasis and Warehouse, BrightHouse and Carluccio’s.  The government’s furlough scheme was one of the lifelines extended to help such companies stay afloat and avoid going bust. However, use of the government’s novel furlough scheme by companies entering into administration …

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COVID-19 : More trouble for the retail sector?

shopping, fashion, purchasing

The UK government introduced various measures to financially support companies that are struggling due to COVID-19. One of the measures is the three-month moratorium (ban) on tenant eviction for non-payment of rent. The government has also provided £330bn worth of loans to support businesses and encourage borrowing during this difficult time. However, we’ve seen several …

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