Businesses have started planning how they can benefit from the proposals in the Chancellor’s July mini-budget.
Legal Alert - August 2020
A monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.
Disclaimer: These publications from Atom Content Marketing are for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.
Employers are considering whether they can fairly and lawfully reshape the age profile of their workforces to benefit from new ‘kickstart’ incentives announced in the chancellor’s recent budget by taking on younger employees, trainees and apprentices, particularly if they plan to make existing workers redundant as a result of COVID-19.
New law: Suppliers must continue to supply insolvent customers even if the customer has failed to pay them for goods or services already supplied
Suppliers need to diligently monitor their customers, and their contracts with them, for signs of looming insolvency, so the supplier can act before they lose the right to do so under new laws which take away suppliers’ rights in commercial contracts to terminate a contract for non-payment if a customer is insolvent.
New law: Limited companies given temporary relaxations to allow shareholder ‘meetings’ to take place, despite the pandemic
The government has introduced temporary relaxations on how a company’s shareholders can ‘meet’ to make decisions, given the temporary restrictions on gatherings of people introduced because of the COVID-19 pandemic.