Travel, transport and retail organisations have contacted solicitors for preliminary discussions in view of their poor or non-existent trading environments. Restructuring, the raising of funds and reapportionment of debt are the services sought to stem the cash bleeds. Other sectors are forecast to follow suit as social distancing and lockdowns rise.Share This:-
Company shares are often forgotten about when negotiating financial settlements to a divorce alongside the broader issue of pensions. This can obviously be a crucial income stream if only one party provided the family income. Pensions are usually divided equally. You need to re-institute legal proceedings if you forget this valuable asset!Share This:-
A fairly good demand for premium office space exists in London in the days leading up to Brexit, on the 31st January 2020, since the Conservative win in last month’s general election. However tenancy agreements have yet to be fully negotiated. A large surge in refurbishment and building has been forecast by commentators for the first six months of this year.Share This:-
London is first for commercial property investments followed by Paris largely due to the expanding tech sector.
The UK restaurant sector however is facing uncertain times with nearly 1500 insolvencies in the year to July due to the large volume of establishments, poor customer attendance and increasing costs.Share This:-
Property prices in prime central London have recovered to that seen a year ago. Gazumping is also on the increase due to competition.
Mayfair has seen the largest increase in residential sales whilst losing the biggest number of commercial tenants to the City.Share This:-
Last month saw a surge in the residential lettings market as tenants swarmed to sign assured shorthold tenancy agreements due to the ban introduced on certain letting agency fees. Tenancy deposits have also been frozen at a 5% maximum. However the shortage of properties on the market means that going forward competition will be fierce.Share This:-
Launched in 2014, the visa has enjoyed an increase in the past year of 45 percent in the number of applications received by the Home Office for positions in fintech, software development and artificial intelligence and machine learning.
The USA and India are the originating countries from where the majority of these applications are instituted.Share This:-
Disputes concerning inheritance matters are increasing amongst families leading to court proceedings often in the High Court. This is due in some part to people writing their own wills rather than having one professionally drafted by a solicitor and also by people attempting to administer an estate, as an executor, and not receiving professional assistance.
Home made wills are a legal minefield and can contain omissions, errors and serious ambiguities.Share This:-
Business insolvencies rose by almost 20% in the last three months of 2018 rounding off a year in which corporate insolvencies were up by 10% in total. Construction, then wholesale and retail followed by vehicle repair were the main sectors effected. More companies seem to be closing rather than restructuring.Share This:-