From today employers will be able to have staff on flexible furlough, meaning that employers can bring furloughed employees back to work for any amount of time and any work pattern, while still being able to claim the grant for the hours not worked.
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The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
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The Corporate Insolvency and Governance Act 2020 which received Royal Assent on 25 June 2020 contains far-reaching permanent reforms of UK insolvency law as well as temporary measures introduced as a result of the Covid-19 pandemic.
The Scottish Government has announced that high growth companies are to receive part of £230m reallocated from underspent scheme. The high growth potential businesses will receive £51m in further business support, on top of the various grants and schemes that have already been made available in response to COVID-19.
Where a company owns significant assets, such as property, cash, etc., these assets could be at risk should the company encounter financial issues. In advance of such issues arising, many companies guard against the risk of losing assets by adopting asset protection strategies.
Temporary suspension of statutory demand provisions - what does it mean for businesses and creditors?
The new UK Corporate Insolvency and Governance Bill introduces a variety of measures which amend existing insolvency law to help businesses survive the coronavirus pandemic. One such temporary measure prevents any statutory demands made against companies in the period between 1 March and 30 June 2020 from being used as the basis of a winding-up petition. Here we examine what that means in Scotland.