The Corporate Insolvency and Governance Bill received royal assent on 25 June and is now an Act. The measures in this Act will relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their
The Construction Leadership Council COVID-19 Task Force has published trade credit insurance guidance to support construction businesses in the construction and maintenance supply chain, including building merchants and suppliers. The guidance aims to provide practical advice and considerations for discussions
Trade Credit Insurance provides protection for businesses when customers do not pay their debts owed for products or services. But due to COVID-19 and businesses struggling to pay bills, businesses have faced the risk of credit insurance withdrawn, or premiums
Those operating in the Construction sector will be pleased to hear that the introduction of the domestic reverse charge for construction services will be delayed for a period of 5 months from 1 October 2020 until 1 March 2021 due to
From 25th March 2020, businesses that are dealing with the impact of Covid-19 will be able to apply for a 3-month extension for filing their accounts. This is a joint initiative between the Government and Companies House, and means approximately
The Specialist Engineering Contractors’ (SEC) Group – representing the largest value sector in UK construction – has expressed major concerns over the impact of COVID-19 on SMEs (which comprise 99% of firms in the construction industry). SEC Group is highlighting
Barrister Rudi Klein gives some timely advice on Letters of Intent. What is a Letter of Intent? Letters of Intent (LoI) are in regular use across the industry, and often feature regularly in disputes in the courts. In its simplest
Last year’s collapse of Welsh-based company Dawnus Construction has hastened progress towards protecting SME payments in Welsh construction. In December 2017 Mark Drakeford, when Cabinet Minister for Finance, launched a new project bank account policy “to support ethical business practices
In the wake of the lack of effective measures to deal with payment abuse following the Carillion collapse two years ago, Labour peer Lord Mendelsohn will introduce today [Tuesday 21 January 2020] a new payment Bill. Lord Mendelsohn has taken
Following the success of the 2019 Contract Law Seminars, Birketts LLP and the Scaffolding Association will be continuing with their series of legal events throughout 2020. Talking about the partnership Stacey Underhill, Head of External Affairs at the Scaffolding Association,
