Welcome to the latest legal news and insight from Tolhurst Fisher, covering all the UK and international deals, disputes, lateral hires and law firm updates.
When parties make the decision to bring their marriage to an end, it is often how to divide the matrimonial finances that can cause the greatest confusion to the parties. The first step in reaching an agreement, or otherwise making an application to the Court in respect of finances, is to undergo financial disclosure.
The recent Jugdment in Trecarrell House Limited v Rouncefield has provided clarity on the requirements on landlords relating to Gas Safety Records and whether late compliance with those requirements can prevent the landlord relying on the section 21 possession procedure.
Whilst some businesses are slowly reopening, many employees remain on furlough, have taken reductions in salary or are facing the prospect of being made redundant. As a result many ‘high’ earners are no longer in the position to afford their monthly spousal maintenance obligations, as well as meeting their own outgoings.
Changes to the Coronavirus Job Retention Scheme
Since the introduction of the Coronavirus Job Retention Scheme (CJRS) on 20 March 2020 the number of employees placed furlough has continued to increase, with HM Treasury’s recent figures advising that 8 million jobs have now been furloughed, with a staggering £11.1 billion claimed under the Scheme
Businesses are being hit hard by the pandemic which resulted in a number of businesses being forced to close their doors, stop trading and subsequently having insufficient funds to pay rent.
For some, the ability to spend quality time with their children and their partner may come as a unexpected benefit of the necessary social distancing rules but for others there are massive implications that come from the government restrictions.
The Coronavirus Act 2020 has amended how sections 8 and 21 of the Housing Act 1988, a landlord’s means of taking possession of a property let to a tenant under an Assured Shorthold Tenancy will have effect between 26 March 2020 until 30 September 2020.
Covid-19 is very likely to be affecting your business in many different ways and you may be faced with difficult decisions in relation to goods and services requested by you or promised by you and termination or variation of those contracts.