By Jerome Soucek, Associate in the Dispute Resolution Department at Bennett Griffin LLP. As a director of a company, you are governed by the General Duties of Directors as set out in Chapter 2 Part 10 of the Companies Act 2006. These duties are...
Read more...
If you are a Tenant, and you have come to the difficult conclusion that it is no longer viable to continue your Lease (even if you can renegotiate the rental payments), then you may want to consider what “exit” options you have. We have set...
Read more...
The potential effects of the Coronavirus (COVID-19) pandemic both direct and indirect on businesses and private individuals are numerous; with the impact ranging from mere inconveniences to long-lasting and disastrous. At Bennett Griffin LLP we...
Read more...
As the famous idiom goes “better the devil you know” – we have considered various ways in which the COVID-19 pandemic could impact a commercial property transaction. Prior to exchange of contracts, parties may experience the following...
Read more...
Leases commonly include an obligation on the Landlord (or the Tenant, if the whole of a property is leased) to insure against named “Insured Risks” connected to damage and destruction of the Property which in turn can trigger: Rent...
Read more...
It is not surprising, that many Tenants will be reaching out to their Landlords for a good faith arrangement whereby rent is either temporarily reduced or suspended to tide them over during this uncertain time. A Landlord is not obliged to accept...
Read more...
The unprecedented events currently taking place worldwide as a result of the spread of Coronavirus (Covid-19) have led contracting parties to consider their position, their obligations and particularly if they can rely on a Force Majeure clause....
Read more...
The purchase or sale of a business is likely to be one of the most complex transactions which the shareholders in a company, or owners of an unincorporated business, are likely to be involved in. The level of complexity will vary from one business...
Read more...
Starting a business in the UK is relatively straightforward from an administrative point of view. The tricky bit is deciding the type of structure that will allow you to achieve your commercial ambitions. The main options available are:...
Read more...