in JD Supra United Kingdom › McDermott Will & Emery
in vLex United Kingdom

205 results for JD Supra United Kingdom › McDermott Will & Emery

  • vLex Rating
  • New Criminal Obligations on UK Employers and Employees

    On 24 September 2020, the Government updated its COVID-secure workplace guidance to require office workers who can work “effectively” from home to do so over the winter. Where an employer, in consultation with its employee, judges that an employee can carry out her normal duties from home, she should do so. Those who cannot work effectively from home may go to their place of work. The Health...

  • Offshore Roundup

    Two Birds, One Stone: Addressing COO and DAC6 Risks in Tandem - UK Criminal Finances Act 2017 (CFA) and the EU Directive on Administrative Cooperation (DAC6) compliance matters are likely to come under increased scrutiny from the UK tax authority (HMRC). What’s more, HMRC may view a corporate criminal offences (CCO) investigation as an opportunity to spot instances of DAC6 non-complianc

  • Regulating Medical Devices Post Brexit

    The UK Medicines and Healthcare Products Regulatory Agency (MHRA) has published guidance on the new rules that will govern the regulation of medical devices and in vitro diagnostic medical devices placed on the market in England, Wales and Scotland after the BREXIT transition period (different rules will apply to Northern Ireland). This On the Subject outlines key dates for implementation of the...

  • Special Situations and the UK Corporate Insolvency and Governance Act

    The enacted Corporate Insolvency and Governance Act (the Act) introduces three permanent reforms to the existing insolvency legislation and certain temporary measures designed to address the immediate impact of COVID-19 on UK businesses. Among other things, the Act looks to maximise the potential for struggling companies to be maintained as a going concern. As market participants and the courts...

  • The Hidden Value of Assets in the United Kingdom: Are You Making the Most of Your Real Estate?

    Traditional trading businesses naturally focus primarily on their operating business, but often are unaware of the relatively simple options available to ensure they are making the most of their real estate assets. In a competitive and recovering market we are aware of the pressure to extract the most value from existing real estate interests or portfolios, once again taking into account the...

  • UK Public Takeovers: The Point of No Return

    The challenges raised by the Coronavirus (COVID-19) crisis initially led to a dramatic fall in share prices and market uncertainty. Although the capital markets have largely recovered their value since the initial COVID-19 outbreak (somewhat bizarrely, given COVID-19’s underlying impact on many businesses), there has been a knock-on impact on public M&A, both in terms of ongoing processes and

  • UK Government Set to Allow Video-Witnessing of Wills – But Will the Change Offer Real Assistance?

    In March, we wrote about the challenges self-isolation and social-distancing presented to the legalities of signing a will, in particular the requirement that a will is signed in the presence of at least two witnesses. We suggested a technological solution available in the form of electronic signatures for the testator and the two witnesses being present via a video meeting...

  • COVID-19 and the Courts: The Impact of Lockdown on Justice

    In public statements in the early stages of the pandemic, the Lord Chancellor and the Lord Chief Justice both emphasised the importance for the administration of justice not to grind to a halt as the result of the pandemic and the lockdown measures imposed to control it. Consequently, significant efforts have been made across the justice system to ensure progress in legal proceedings, despite the

  • Making Use of UK Tax Reliefs for Impact Investing

    Tax Reliefs for Impact Investing in the United Kingdom: What You Should Know - The United Kingdom, like other markets, has seen rapid growth in the popularity of “impact investing,” where the investor’s intention is to create a social or environmental benefit as well as a financial return. The size of the global impact investment market was estimated in 2019 at $502 billion, and the UK

  • COVID-19 Update: Options for Non-Payment of Rent for Commercial Landlords

    Failure by tenants to pay rent due under commercial leases is becoming a common occurrence in the Coronavirus (COVID-19) world. Unsurprisingly, rent collection difficulties are having far-reaching consequences on the property industry, particularly in relation to commercial property landlords and their financiers. In response to the current economic climate, and in advance of the June...

  • UK Self-Employment Income Support Scheme Extended

    On 12 June 2020 HM Revenue & Customs (HMRC) announced an extension to the Self-Employment Income Support Scheme (SEISS). The extension will allow eligible claimants to apply to HMRC for a second liquidity grant to partially compensate for loss of three months’ worth of trading profits due to Coronavirus (COVID-19) business interruption occurring on or after 14 July 2020. This article briefly...

  • Returning to the Workplace in the UK: Key Issues for Employers

    As the UK Government works through its phased Coronavirus (COVID-19) recovery strategy and lockdown restrictions are progressively eased, employers in the United Kingdom are contemplating the implications of returning staff to the workplace under the “new normal”. In this Alert, we address some of the key issues for employers to consider in relation to returning employees to the UK...

  • The Month of Change: June Ushers in the “New Normal” in the United Kingdom

    In the United Kingdom, it feels as though June will be the month during which we really start to experience life, outside of our homes, in the “new normal”. Changes in restrictions will see non-essential shops opening and, probably, many workers hesitantly starting to go back into offices even though they could work from home. Government focus has therefore started to shift...

  • Insolvency Reforms Under the Corporate Insolvency and Governance Bill

    On 20 May 2020, the Corporate Insolvency and Governance Bill (the Bill) was introduced to the House of Commons for its first reading, with the aim of completing all its stages in the Commons and progressing through the House of Lords by late June or early July. The Bill has the purpose of introducing three permanent reforms to the existing insolvency legislation and certain temporary measures...

  • Preparing for Tax Rises on the Horizon – Who Will Pay for the UK Government’s COVID-19 Relief Measures?

    It is no secret that the Coronavirus (COVID-19) pandemic is having a significant impact on the economy. Chancellor Rishi Sunak recently stated that “it is now very likely that the UK is facing a significant recession at the moment and this year”. But the question remains: who will pay for the COVID-19 relief measures? Below we examine the possibility of tax changes on the horizon and suggests...

  • Stress and Distress: CFO Checklist

    Three months into the outbreak of the Coronavirus (COVID-19) in the United Kingdom, there are clearly many unknowns as businesses seek a return to normality or, at the very least, economic stability. Such uncertainty may affect important business processes while the key priorities are liquidity and supply chain maintenance. Below we provide a brief checklist…

  • UK Self-Employment Income Support Scheme Details Announced; UK Job Retention Scheme Cut-Off Date Moved

    HM Revenue & Customs (HMRC) recently published guidance for self-employed individuals who wish to claim a UK Government grant under the Coronavirus Self-Employment Income Support Scheme (SEISS). HMRC also moved the cut-off date under the Coronavirus Job Retention Scheme (CJRS) from 28 February to 19 March 2020. This article discusses key elements of the SEISS guidance that will be...

  • UK Coronavirus Job Retention Scheme: Significant Developments

    There have been further significant developments in relation to the UK Coronavirus Job Retention Scheme: • First, the Scheme is now live and can be accessed here. • Secondly, the Scheme itself has been extended until the end of June 2020. • Thirdly, the eligibility cut-off date has been extended from 28 February 2020 to 19 March 2020 (the day before the Scheme was announced).

  • COVID-19 – FAQs for Landlords and Tenants in the United Kingdom

    A number of important questions arise for landlords and tenants following the series of Coronavirus (COVID-19) emergency measures the UK government introduced on 25 March 2020 under the Coronavirus Act 2020...

  • UK Employment Rate and Compensation Increases Now in Effect - Updated

    The compensation limits on Employment Tribunal awards and certain other amounts payable under UK employment legislation have increased with effect from 6 April 2020. This Alert sets out the latest changes in full and highlights important consequences for employers...

  • COVID-19 Disruption Puts Pressure on Businesses, Tightens Focus on Directors’ Duties

    Few businesses are able to escape the significant disruption caused by the Coronavirus (COVID-19) pandemic and the strict measures imposed by governments to protect their citizens. The pandemic is putting pressure on businesses and presenting company directors with a unique set of challenges. While businesses are moving quickly to implement contingency plans and adapt to ever-changing landscapes,

  • Happy Easter? Bank Holidays and Furlough Leave in the United Kingdom

    It’s nearly Easter weekend, although we’re sure that has passed many by given the groundhog nature of life at the moment. However, bank holidays are scheduled on 10 and 13 April 2020 (and there are a couple more in May too). In relation to employees who have been furloughed, this gives rise to two questions: • Can an employee on furlough also be on holiday? • If they...

  • Legal Implications of COVID-19 for Pharmaceutical and Medical Device Companies in the United Kingdom

    The impact of Coronavirus (COVID-19) on pharmaceutical and medical device companies has been unique as, not only have these businesses had to set up emergency management systems practically overnight in order to maintain their “normal” business operations, the population also expects the sector to make significant contributions to the fight against COVID-19. The current crisis mode...

  • UK Coronavirus Job Retention Scheme Details Announced

    Since the 20 March 2020 announcement of the temporary Coronavirus Job Retention Scheme, which is intended to support UK employers whose operations have been severely affected by Coronavirus (COVID-19), the UK government has published further details and guidance. On 27 March 2020, the Government also announced that it will amend the Working Time Regulations in order to allow statutory annual...

  • UK Government Provides COVID-19-Related Tax and Financial Support for Businesses

    On March 17, the UK Chancellor of the Exchequer, Rishi Sunak, announced an unprecedented £330 billion package, equivalent to 15% of UK gross domestic product, of government-backed and guaranteed loans to support businesses, employees, self-employed individuals and public sector workers experiencing financial difficulties owing to Coronavirus (COVID-19). This announcement came on top of

  • UK Government to Extend Statutory Sick Pay Entitlement to Day One of Absence

    The UK Prime Minister has announced that: • during the Coronavirus outbreak SSP will be paid from the first day of absence, not the fourth. • those who are in self-isolation should be treated as being on sick leave as they are “helping to protect others from the virus and should not be penalised for doing the right thing” This announcement follows concerns that...

  • Awaiting Regulation of AI in Insurance

    With the recent news that the Association of British Insurers (ABI) has called for new rules to reflect the increased use of AI and machine learning in the insurance industry, comes a reminder that there is still a significant gap between the progress of technology and existing regulatory frameworks across the globe. The ABI called for regulators and the industry to establish clear ethical rules...

  • Coronavirus: A Developing Situation - Key Considerations for UK Employers

    Over the past week we have seen an increasing number of employers grappling with the real, as opposed to notional, impact of Coronavirus (COVID-19). Many employers have had employees return from affected overseas countries and become unwell. Those employees have been advised by the NHS to self-isolate while awaiting the outcome of test results. This has created uncertainty for...

  • Ethical Veganism and the Broadening Range of Philosophical Beliefs Protected By UK Discrimination Laws

    An employment tribunal recently found that a belief in ethical veganism is protected as a philosophical belief under the Equality Act 2010 (Casamitjana v League Against Cruel Sports ET/3331129/2018). In this Alert we will explore: • the legal basis of this finding; and • the issues for employers in managing the workplace in light of the broadening range of characteristics that are protected by

  • How CCO Reasonable Prevention Procedures Can Help You Mitigate DAC6 Penalties

    Corporate criminal offences (CCOs) under Part 3 Criminal Finances Act 2017 (CFA) are increasingly coming under the spotlight of the UK tax authorities. In a 10 February 2020 press release published in response to a Freedom of Information Act request, HM Revenue and Customs (HMRC) confirmed that it is currently reviewing 30 potential CCO cases involving large and small businesses across a wide...

  • Request a trial to view additional results