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Monthly Archives: April 2020

Druces promotes Jack Kemmish to Senior Associate

Druces is pleased to announce that Jack Kemmish from our Corporate & Commercial department has been promoted to Senior Associate. Jack joined Druces in 2019 and has become an integral part of our team, being recognised in the Legal 500 for his work in the oil and gas sectors as well as M&A. Jack’s promotion […]

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Future Fund: Government financing for innovative businesses

What is the Future Fund? Directors of innovative, unquoted companies who are finding it hard to raise essential working capital as a result of the coronavirus outbreak will be looking out for announcements regarding the Government’s proposed “Future Fund”. At present, only outline terms have been announced but it appears that the £250 million scheme […]

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COMMENTARY: The impact of coronavirus on commercial contracts

Introduction The coronavirus pandemic has caused huge disruption to the worldwide economy. The pandemic has impacted businesses of all sizes and reached every sector. Last month many non-essential shops and businesses were forced to close at short notice following the introduction of emergency restrictions by the UK government. The scale of the closures is unprecedented […]

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Can you extend your lease by the duration of the lockdown?

We are receiving enquiries from tenants and landlords about the possibility of extending leases by a period of time equivalent to the duration of the lockdown (during which premises are unusable). We understand that some landlords and tenants are trying to come to informal arrangements to achieve this but there are risks to that approach […]

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Support for dealing with oaths, affirmations and statutory declarations during the coronavirus pandemic

Introduction A number of individuals and businesses have reported difficulties in dealing with oaths, affirmations and statutory declarations following the introduction of the UK government’s measures aimed at reducing the spread of coronavirus. These restrictions make it difficult to meet a solicitor in person. New measures for statutory declarations On 6 April 2020 the Insolvency […]

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COMMENTARY: Residence in the UK for tax purposes

Druces IWF – International Wealth and Fiduciary How do you become tax resident in the UK? Residence is a concept concerned with a person’s physical presence in the UK. The rules for determining a person’s UK residence are governed by the Statutory Test for Residence. Once an individual is considered resident in the UK, they […]

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COMMENTARY: Top tips for directors during the public health crisis

Introduction There is no doubt that everyone’s first priority at the moment must be to follow Government guidelines to protect the health and safety of all. However, for company directors, it is also important to follow good practice to protect, so far as possible, the health of your companies during the coronavirus pandemic. To help […]

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COMMENTARY: FCA acts to assist listed companies raising new share capital

Introduction The Financial Conduct Authority (“FCA”) announced on 8 April 2020, a series of measures aimed at helping companies to raise new share capital in response to the Coronavirus crisis, while retaining an appropriate degree of investor protection. These measures cover smaller shares issues and also matters relevant for larger share issues. Jack Kemmish, an […]

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