News
25 Jan 2021
COVID-19 Business Interruption Scheme – The Supreme Court’s Judgment
The Supreme Court, on 15th January 2021, handed down judgment in the COVID-19 business interruption insurance test case. The result of this judgment is favourable towards policyholders, meaning that small businesses are now more likely to be successful in making claims on their insurance policies. This is great news to business owners who have suffered colossal […]
Read more
6 Jul 2020
How to Choose a Business Fraud Solicitor
What is business fraud? Like individuals, businesses can become victims of fraud (dishonest and illegal activity carried out by a person, persons or another business for financial gain.) Business fraud often operates under the guise of legitimate business activity and takes place over long periods of time. It can also take place in many different forms; ranging […]
Read more
3 May 2020
Download FREE template Furlough Agreement
Click here to download furlough agreement template We have just entered another week of lockdown and yet it has not been resolved when we can expect it to be eased. We observe many of our business clients and local entrepreneurs suffering financial losses and organisational disruptions as a result. Unfortunately, many of them have no […]
Read more
26 Apr 2020
Impact of Coronavirus on Businesses: Claims on Insurance Policies
The impact on businesses that COVID-19 has had, has been catastrophic. According to the Financial Times, around 21,000 more businesses in the UK have collapsed in March this year, compared to the same month a year ago. There has also been a drop in new companies by 23%. We presume that these figure will only grow significantly, […]
Read more
20 Apr 2020
Coronavirus Job Retention Scheme – step by step guide for employers
The governmental guide published recently on-line provides the employers with information how to make a claim for reimbursement and what are the requirements for such application. Firstly, it guides through eligibility criteria that has to be met before the application is considered by the employer and submitted. The employer must agree with employee and subsequently […]
Read more
13 Apr 2020
Coronavirus (COVID-19) An Update For Our Clients
Coronavirus (COVID-19) An Update For Our Clients With the current uncertainty around COVID-19, I want to reassure you that IMD Solicitors LLP is still open for business. Despite some of our colleagues working from home, we are, as always, committed to offering a seamless service. Our offices are still open where we are operating with […]
Read more 24 Mar 2020
Coronavirus – Impact On Businesses And The Support Available
The outbreak of the COVID-19 coronavirus will place many businesses in a difficult financial position. As the chancellor, Mr Rishi Sunak stated at one of the daily briefings: ‘the coronavirus pandemic is a public health emergency. But it is also an economic emergency. We have never, in peacetime, faced an economic fight like this one’. […]
Read more
1 Aug 2019
Best or reasonable endeavours? What a difference a word makes
Once signed, a contract represents a formal record of the agreement made between you and your customer. The obligations under that agreement are often absolute, with any failure to satisfy them will be considered a breach of contract which could result in a dispute, and considerable expense. With this in mind, there may well be circumstances […]
Read more
17 Jun 2019
Selling your company – handle warranties with care
After years of hard work building up a business, the prospect of selling it on to another company or the current management team will be the light at the end of the tunnel. Unless you are a serial entrepreneur, a more leisurely life is ahead when the stresses and strains of running a business will […]
Read more