News: Covid-19 – Business interruption insurance

The Covid-19 pandemic has led to widespread disruption and economic volatility which had a significant impact on businesses. Particularly, the small and medium-sized enterprises (SMEs) have suffered a significant level of financial loss.  A large number of affected businesses have made claims for the losses under their business interruption insurance policies. However, there is uncertainty over the business interruption (BI) insurance policies’ cover in the context of Covid-19 claims. Recently, the Newcastle Circuit Commercial Court (Court) has struck out a BI losses claim in consequence of the Covid-19 pandemic where…

Blog: Critical corporate reporting for company relocations during the pandemic

A complex court case over conflicting dispute resolution provisions has highlighted a simple, but vital, takeaway on the importance of critical corporate reporting for company relocations during the pandemic. It applies to all UK registered companies and has come about as the result of an increase in unattended offices or those subject to permanent closure due to the pandemic. The case involved an aircraft operating lease for a Boeing 737 between Helice Leasing and PT Garuda[1], an Indonesian company with a UK office. When Garuda defaulted on the payments, the…

Why it is important to get proper legal advice?

Why it is important to get proper legal advice and why you should exercise caution when using the internet for legal advice. In a world where so much information is available freely online, do you still need the advice of a lawyer? A simple Google search of your legal problems can provide thousands of relevant articles, and perhaps a friend has shared information on social media that seems like the answer you are looking for. However, we would always recommend seeking proper legal advice - it could even save you thousands…

Court rules in favour of business interruption insurance claims

  As coronavirus continues its freeze on normal life, with strict lockdown measures back in place, many businesses will have breathed a sigh of relief following a Supreme Court ruling (on Friday 15th January) confirming when business interruption insurance claims should be paid out during a pandemic. Lockdown and tier restrictions since March 2020 have seen many businesses temporarily closing down or making significant operational reductions for weeks or months at a time, resulting in huge damage to their operations and loss of income. Court rules in favour of business…

Why Big Brother needs to watch out when it comes to employee monitoring

The ‘Big Brother’ surveillance scenario envisaged by George Orwell has long since become reality.  The ability to watch citizens outlined in the futuristic novel Nineteen Eighty-Four, published in 1949, is now firmly fact, not fiction. Rolling back to 2013, the British Security Industry Association estimated that the number of CCTV surveillance cameras in the UK numbered some 4 to 6 million and recent estimates put London in the top three cities worldwide having the highest number of cameras by population.  This race towards technological surveillance and monitoring saw a further boost during…

How secure is your password?

The need for cybersecurity is more crucial today than ever, with individuals and companies alike relying heavily on hardware and cloud-based servers to store and retrieve secured data, particularly when working remotely during COVID-19 lockdowns. We live in an evolving digital age with consistent advancements in technology, but as technology grows and develops, so do cyberattacks. A brute force attack method is simply trying every possible combination there could be. The colour-coded chart from Hive Systems provides an indication of just how long it would take a hacker to crack…

Tenants’ guide to commercial leases during a pandemic

Whilst various lockdown restrictions have been eased, others have only recently been introduced. This has led to a plethora of concerns with some commercial tenants now seeking clarity in respect of their position. Accordingly, we have put together a guide below to clarify some points commonly raised. What to do once your lease term ends? If you have decided to move on upon the end of your contractual term, then all you would need to do is simply move out. However, if recent events have resulted in indecision with your…

High Court – implications of lease terms when giving up a lease

In a case at the High Court on the 23rd September 2020, the High Court examined how a clause in the lease about returning the property to the landlord at the end of the lease applied where asbestos was left buried across the site at the end of a lease. The tenant had appointed consultants to remove buildings from the site. The consultants' works in dismantling the buildings had disturbed asbestos-containing materials and spread them across the site. As with all such matters, the facts of the case were critical,…

What is a privacy policy and what should it contain?

Briefly, a Privacy Policy is a statement that specifies how a data controller collects, stores, processes the personal data provided by the users of a website. As required by the EU General Data Protection Regulation (GDPR) data controllers should provide certain information to individuals whose personal data is held and used for specific purposes. The definition of personal data includes names, addresses, IP addresses, telephone numbers, date of birth, and financial information, such as debit or credit card details. The GDPR emphasizes that you should be clear about how you…

COVID-19: New grants for businesses affected by local lockdowns

On 9 September 2020, Ministers announced new funding to support businesses that have been forced to close temporarily due to local COVID-19 related lockdowns. To be eligible for the grant, a business will have been required to close due to local COVID-19 restrictions. Businesses still closed at a national level (e.g. nightclubs), will not be eligible for the scheme. Larger businesses will receive £1,500 every three weeks they are required to close. Smaller businesses will receive £1,000. For this purpose, the level of support will be defined as follows: If…

Powered by How to backup and restore wordpress site

error: Content is protected !!
Search