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Monthly Archives: May 2020

French Law Update: notaires can receive their clients’ consent by video

In France, notarial deeds have previously only been valid if all the parties are physically present or represented at the meeting with the notaire and all the parties (or their representatives) sign the physical deed together. Since freedom of movement was restricted by the French Government following the coronavirus crisis, the traditional notarial procedure was […]

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COMMENTARY: Corporate Insolvency and Governance Bill

On Wednesday 20 May 2020, the Corporate Insolvency and Governance Bill was laid before Parliament. The measures contained in the Bill are designed to provide support to businesses during the coronavirus pandemic and aid economic survival and recovery. The Bill will apply in England & Wales and is expected to come into force on the […]

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Future Fund Update: open to applications from Wednesday 20 May 2020

The British Business Bank, charged by the Government with administering the Future Fund, issued details of the scheme on Monday 18 May 2020. Applications, which open on Wednesday 20 May 2020, are to be made by the new “third party investors” (whose investment the Future Fund is designed to match) rather than the investee companies. […]

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Druces makes senior hire into Private Client team

Druces has hired Estelle Tague, Child & Child’s former Head of International Private Wealth, to join its Private Client team as senior counsel. Tague arrives at Druces as the latest addition to its respected International Wealth & Fiduciary practice. Led by Rob Macro, the IWF practice has been consistently growing in size and stature. Rob […]

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Directors’ Personal Guarantees

The primary concern for many directors at the moment will be the financial position of their companies; however, it is important that directors also consider the personal risks created by the coronavirus pandemic, including the impact of any personal guarantees. Personal guarantees are often given by directors of small to medium sized businesses to secure […]

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COMMENTARY: Re-inventing the Residential Property Offer

In this temporary new world of restricted social interactions and movement, an adaptation to the way in which property transactions are conducted has had to take place. Virtual viewings are now being used by estate agents to circumvent the restriction on entering an occupied property. It is entirely possible to make an offer on and […]

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Coronavirus: Druces’ Redundancy Guide for employers

As lockdown in the UK continues and only a slow easing of restrictions is in prospect, thousands of businesses are facing difficult choices.    Many employers are taking full advantage of Government support of every kind, from VAT deferral to furloughing staff by way of the Coronavirus Job Retention Scheme (CJRS).   However, these measures are […]

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