Covid-19, Recession and Insolvency

Covid-19, Recession and Insolvency

When is a Company Insolvent? There is no doubt that we are in a recession. Most businesses have been fundamentally affected by the COVID 19 pandemic. It is important for a company directors to be mindful of the possibility of insolvency and the implications. When a...
Business Interruption Insurance Claims arising from Covid-19

Business Interruption Insurance Claims arising from Covid-19

According to the Association of British Insurers (ABI), insurers in the UK are set to pay out £1.2 billion in claims from individuals and businesses affected by Covid-19 over the coming months. Of this estimate, the ABI says that around £900 million will cover...
Covid-19: Can You Just Not Pay Rent?

Covid-19: Can You Just Not Pay Rent?

New data released by Remit Consulting, gathered from six leading property management companies in the UK, revealed that just 48% of tenants paid on time and in full in March. Just 41% of retail and hospitality tenants paid their rent while 57% of office tenants paid....